* Q1 EPS $0.39 vs est. $0.34
* Revenue $145.6 mln vs est. $141.9 mln
April 29 (Reuters) - Genesee & Wyoming Inc GWR.N, which owns and operates short-line and regional railroads, posted a quarterly profit that beat market expectations, helped an increase in non-freight revenue.
For the first quarter, the company reported net income of $16 million, or 39 cents a share, compared with $13.9 million, or 38 cents a share, a year earlier.
Revenue rose 5 percent to $145.6 million.
During the first quarter of 2010, the non-freight revenue increased by almost 14 percent to $56 million.
Analysts on an average were expecting earnings of 34 cents a share on revenue of $141.9 million, according to Thomson Reuters I/B/E/S.
Shares of the company closed at $37.70 Wednesday on the New York Stock Exchange. (Reporting by Megha Mandavia in Bangalore; Editing by Saumyadeb Chakrabarty)