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The country's second-largest railroad said its third-quarter earnings dropped because people still weren't buying more goods in stores and industrial production continued to sputter.
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But much lower costs for fuel and labor kept the results from being worse.
Burlington Northern Santa Fe [BNI
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]earned $488 million, or $1.42 per share, compared with $695 million, or $1.99 per share at the same point last year. The results were well above Wall Street's expectations.
Revenue slipped 27 percent to $3.6 billion. The Fort Worth, Texas-based railroad said shipments of retail and industrial goods fell the most.
Analysts who follow Burlington Northern expected the company to turn in a gain of $1.28 a share on sales of $3.63 billion, according to a consensus from Thomson Reuters.
Burlington Northern shares were down .29 percent in extended trading Thursday. They closed at $84.53 a share.
Burlington Northern's rival CSX [CSX
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] reported quarterly earnings last week that topped Wall Street expectations.
The railroad earned 74 cents a share in its third quarter on sales of $2.3 billion, compared with 94 cents a share on sales of $2.96 billion in the same period last year.
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Data is a real-time snapshot *Data is delayed at least 15 minutes