NORFOLK (dpa-AFX) - Norfolk Southern Corporation (NSC), on Tuesday, reported
preliminary first-quarter profit that came in below estimates. Quarterly
earnings came in at $0.23. The first-quarter results reflected the impact of a
$600 million agreement to settle a consolidated class action lawsuit. It also
included charges related to its separation programs that will eliminate
management positions and also a deferred tax adjustment among others.
Collectively, these reduced earnings per share by $2.26, the company said in a
statement. Preliminary first-quarter adjusted earnings per share stood at $2.49.
On average, 19 analysts polled by Thomson Reuters expect the company to report
profit per share of $2.61, for the quarter. Analysts' estimates typically
exclude special items.

First quarter railway operating revenues were $3.00 billion. Railway operating
expenses were $2.79 billion.

Norfolk Southern is scheduled to announce its first-quarter results on April 24.

Shares of Norfolk Southern are down 1% in pre-market trade on Tuesday.

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