Copyright 2019 Hubbard Radio Washington DC, LLC. All rights reserved. This website is not intended for users located within the European Economic Area.
NORFOLK, Va. (AP) _ Norfolk Southern Corp. (NSC) on Wednesday reported second-quarter profit of $392 million.
On a per-share basis, the Norfolk, Virginia-based company said it had profit of $1.53.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.39 per share.
The railroad posted revenue of $2.09 billion in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $2.06 billion.
Norfolk Southern shares have decreased almost 5% since the beginning of the year, while the Standard & Poor’s 500 index has stayed nearly flat. The stock has fallen nearly 4% in the last 12 months.
Insight by Ciena Government Solutions and Comcast Government Services: State Department, CIA and DISA provide insight into why networks need to be adaptable and scalable in this free webinar.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NSC at https://www.zacks.com/ap/NSC
Copyright © 2020 . All rights reserved. This website is not intended for users located within the European Economic Area.