BUZZ - Norfolk Southern shares rise after quarterly profit beats expectations amid strong freight demand

October 22 - ** Shares of Norfolk Southern Corporation (NSC.N) rose about 1.5% to $333.3

** Thanks to strong freight demand, the company's third-quarter adjusted profit surpassed (link) Wall Street expectations. Despite higher fuel costs, most of this was offset by surcharges

** The report showed third-quarter adjusted earnings per share at $3.62, compared with $3.30 a year earlier

** Analysts had previously estimated adjusted earnings per share at $3.47—data compiled by LSEG

** The railroad operator’s third-quarter operating revenue surged 12.9% year-on-year to $3.5 billion

** Including the gains on the day, the stock is up about 16% so far this year

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