ATLANTA (AP) — ATLANTA (AP) — Norfolk Southern Corp. (NSC) on Thursday reported second-quarter earnings of $734 million.
The Atlanta-based company said it had profit of $3.26 per share. Earnings, adjusted for costs related to mergers and acquisitions and non-recurring costs, came to $3.52 per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $3.23 per share.
The railroad posted revenue of $3.47 billion in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $3.32 billion.
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