The railroad operator reported a 13% year-over-year revenue increase to $3.5B, exceeding analyst forecasts.
Norfolk Southern Corporation (NSC) reported second-quarter adjusted earnings per share of $3.52, surpassing the consensus estimate of $3.31. The result reflects stronger-than-expected operational performance amid rising freight demand.
Revenue for the quarter reached $3.5 billion, marking a 13% increase from the same period last year. Analysts had anticipated a smaller gain, with estimates clustering around $3.4 billion. The company attributed the growth to higher volumes in intermodal and merchandise shipments.
Shares of NSC edged higher in premarket trading following the release, though gains remained modest as investors assessed broader market conditions.