Norfolk Southern rises on quarterly profit beat amid strong freight demand

Norfolk Southern

Yesterday 14:49

** Norfolk Southern NSC.N shares rise ~1.5% to $333.3
** Co beats Wall Street estimates for Q3 adjusted profit, benefitting from strong freight demand, despite higher fuel costs that were largely recovered through surcharges
** Reports Q3 adjusted profit of $3.62 per share, compared with $3.30 per share a year earlier
** Analysts expected an adjusted profit of $3.47 per share - data compiled by LSEG
** The railroad operator's Q3 operating income jumped 12.9% to $3.5 billion from a year earlier
** Including session's moves, stock up ~16% YTD

 (Reporting by Megavarshini G. Somasundaram in Bengaluru)
 ((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))