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Norfolk Southern posts 10% higher profit – MarketWatch

SAN FRANCISCO (MarketWatch) — Railroad operator Norfolk Southern Corp. /quotes/zigman/235929 /quotes/nls/nsc NSC -1.21% , citing a 3% rise in freight volume, reported late Tuesday its first-quarter profit rose to $450 million, or $1.41 a share, from $410 million, or $1.23 a share, a year ago. A one-time property sale added 19 cents a share to the bottom line. Revenue for the quarter fell 2% to $2.74 billion from $2.8 billion.

Analysts polled by FactSet had expected the Norfolk, Va.-based railroad to post earnings of $1.17 a share on $2.78 billion in revenue.

Norfolk Southern shares rose 0.2% to $76 on the report in after-hours trade. /quotes/zigman/235929 /quotes/nls/nsc US : U.S.: NYSE Volume: 2.78M April 24, 2013 4:01p Market Cap $23.85 billion Rev.

per Employee $355,137

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Norfolk Southern posts 10% higher profit – MarketWatch

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