First look: Norfolk Southern Q3 earnings

Norfolk Southern Corp. reported third quarter income of $1.1 billion on revenue that was 2% higher at $3.1 billion despite flat freight volumes. Diluted earnings per share was $3.16, down from the prior year and short of Wall Street’s forecast range of $3.18 to $3.22. The earnings for the Atlanta-based carrier (NYSE: NSC) came after the close of markets and on the same day proposed merger partner Union Pacific (NYSE: UNP) reported its earnings. Income from railway operations was lower than the previous ...