Norfolk Southern beats 2Q profit forecasts

MarketsAssociated Press

Norfolk Southern Corp. (NSC) on Wednesday reported second-quarter net income of $497 million.

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On a per-share basis, the Norfolk, Virginia-based company said it had net income of $1.71.

The results topped Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.64 per share.

The railroad posted revenue of $2.64 billion in the period, which matched Street forecasts.

Norfolk Southern shares have climbed 10 percent since the beginning of the year, while the Standard & Poor's 500 index has increased 11 percent. The stock has climbed 29 percent in the last 12 months.


This story was generated by Automated Insights using data from Zacks Investment Research. Access a Zacks stock report on NSC at


Keywords: Norfolk Southern, Earnings Report