Wednesday, April 25, 2007

Norfolk Southern profit falls, beats analyst view

(Reuters) - CHICAGO, April 25 - Railroad company Norfolk Southern Corp. on Wednesday reported a lower quarterly profit citing softness in the U.S. economy, in particular the housing and automotive sectors, but beat analyst forecasts.

The Norfolk, Virginia-based company posted first-quarter net income of $285 million, or 71 cents a share, compared with $305 million, or 72 cents a share, a year earlier.


Read more at Reuters.com Market News

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