Norfolk Southern Corporation (NYSE:NSC) reported better-than-expected earnings for the first quarter on Friday.

The company posted quarterly revenue of $3.0 billion, in line with estimates. Diluted EPS declined 27% to $2.43, while adjusted diluted EPS was $2.65, down 1% from the prior year but above the $2.51 estimate.

"In the first quarter, our team stayed focused on what we could control, operating with discipline amid volatile volumes, severe winter weather, and a rapidly shifting macroeconomic environment including the dramatic rise in fuel prices in March," said Mark George, president and chief executive officer of ...