Norfolk Southern (NYSE: NSC) reported Q1 EPS of $1.93, $0.14 better than the analyst estimate of $1.79. Revenue for the quarter came in at $2.72 billion versus the consensus estimate of $2.68 billion.

"We are pleased with the continued improvement in our financial performance and the growth in our business," said James A. Squires, Norfolk Southern chairman, president and CEO. "We are focused on improving service for our customers to position us for future growth and efficiency that will benefit both our customers and shareholders. The outlook for 2018 is promising, and we are increasing our expected annual share repurchases to $1.5 billion, confident that we will deliver strong financial performance."

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