Norfolk Southern's Quarterly Earnings Fall

Summary


Norfolk Southern reported a 7 percent drop in third-quarter profits, sending shares down more than 3 percent.

The Norfolk, Va.-based company cited weakness in coal, auto and housing-related shipments and a change to a tax law as reasons for the decline.

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Extract


Norfolk Southern's Quarterly Earnings Fall

Norfolk Southern said it earned $386 million, or 97 cents per share in the three months that ende...

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