Norfolk Southern Corp Q2 Income Advances 23%

(RTTNews) - Norfolk Southern Corp (NSC) announced a profit for its second quarter that increased compared to the same period last year.

The company said its bottom line climbed to $497 million, or $1.71 per share. This was up from $405 million, or $1.36 per share, in last year's second quarter.

Analysts had expected the company to earn $1.65 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 7.8% to $2.64 billion. This was up from $2.45 billion last year.

Norfolk Southern Corp earnings at a glance:

-Earnings (Q2): $497 Mln. vs. $405 Mln. last year. -Earnings Growth (Y-o-Y): 22.7% -EPS (Q2): $1.71 vs. $1.36 last year. -EPS Growth (Y-o-Y): 25.7% -Analysts Estimate: $1.65 -Revenue (Q2): $2.64 Bln vs. $2.45 Bln last year. -Revenue Change (Y-o-Y): 7.8%