Norfolk Southern Q2 Earnings Per Share Up 26%

(RTTNews) - Norfolk Southern Corp. (NSC) announced 23 percent increase in second quarter profit to $497 million from $405 million in the previous year. On a per share basis, earnings climbed to $1.71 per share, up 26 percent from $1.36 per share a year ago.

On average 26 analysts polled by Thomson Reuters expected the company to earn $1.65 per share. Analysts estimates usually exclude special items.

Railway operating revenues increased $2.6 billion increased 7 percent to $2.454 billion last year. Walls Street expected the company to record revenue of $2.64 billion.