Norfolk Southern Corp Profit Drops 6% In Q2

(RTTNews) - Norfolk Southern Corp (NSC) revealed earnings for second quarter that dropped compared to the same period last year.

The company said its earnings declined to $405 million, or $1.36 per share. This was down from $433 million, or $1.41 per share, in last year's second quarter.

Analysts had expected the company to earn $1.34 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 9.6% to $2.45 billion. This was down from $2.71 billion last year.

Norfolk Southern Corp earnings at a glance:

-Earnings (Q2): $405 Mln. vs. $433 Mln. last year. -Earnings Decline (Y-o-Y): -6.5% -EPS (Q2): $1.36 vs. $1.41 last year. -EPS Decline (Y-o-Y): -3.5% -Analysts Estimate: $1.34 -Revenue (Q2): $2.45 Bln vs. $2.71 Bln last year. -Revenue Change (Y-o-Y): -9.6%