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Norfolk Southern Q3 profit climbs 13.5% YOY

Norfolk Southern Corp. said its normalized net income for the third quarter was $1.73 per share, compared with the S&P Capital IQ consensus estimate of $1.64 per share.

EPS increased 15.5% year over year from $1.50.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $500.0 million, a gain of 13.5% from $440.6 million in the prior-year period.

The normalized profit margin climbed to 18.7% from 17.5% in the year-earlier period.

Total revenue rose 5.8% on an annual basis to $2.67 billion from $2.52 billion, and total operating expenses grew on an annual basis to $1.76 billion from $1.70 billion.

Reported net income rose 10.6% year over year to $506.6 million, or $1.75 per share, from $458.0 million, or $1.55 per share.