ATLANTA (AP) — ATLANTA (AP) — Norfolk Southern Corp. (NSC) on Tuesday reported second-quarter net income of $768 million.
The Atlanta-based company said it had net income of $3.41 per share. Earnings, adjusted for non-recurring gains, came to $3.29 per share.
The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $3.27 per share.
The railroad posted revenue of $3.11 billion in the period, falling short of Street forecasts. Six analysts surveyed by Zacks expected $3.13 billion.
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