NEW YORK (AP) -- Railroad operator Burlington Northern Santa Fe Corp. said Tuesday its second-quarter earnings fell 8 percent, missing Wall Street's estimates, on flat coal volumes and rising fuel expenses.
Its shares lost more than 2 percent in morning trading.
Quarterly earnings were $433 million, or $1.20 per share, compared with $471 million, or $1.27 per share in the year-ago quarter.
Revenue was $3.84 billion, up 4 percent from $3.7 billion in the comparable period in 2006.
Analysts were expecting a profit of $1.22 per share on revenue of $3.87 billion, according to a poll by Thomson Financial.
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The company said coal volumes were virtually flat for the quarter due to mine production and weather-related issues.
Its shares fell $1.99, or 2.2 percent, to $88.87 in morning trading Tuesday.
