FORT WORTH, Texas -- Railway operator Burlington Northern Santa
Fe Corp. on Tuesday said its fourth-quarter profits before unusual
items fell to $472 million, reports a wire service.
The Fort
Worth, Texas-based transport giant, the No. 2 U.S. railroad behind
Union Pacific (NYSE:UNP - news), said per-share net profits fell to
46 cents from 65 cents a year earlier.
Excluding unusual
items, earnings were 57 cents a share in the latest period. Wall
Street had expected profits of 54 cents to 60 cents a share, with a
consensus forecast of 56 cents, according to a survey of nine
analysts by Thomson Financial/First Call.
Revenues fell to
$2.3 billion from $2.34 billion a year earlier, in part because of
the loss of a major transport contract with giant automaker General
Motors Corp. (NYSE:GM - news).