Norfolk Southern Higher on Q2 Earnings Results

Shares of Norfolk Southern NSC are trading higher in the after-hours following the release of the company's Q2 earnings results. Currently, shares are higher by 1.19%, trading at $76.45; they ended the regular session lower by 1.618%, at $75.55. Norfolk Southern reported Q2 EPS of $1.38 on revenues of $2.87 billion; the Street was looking for $1.28 per share on revenues of $2.75 billion. Revenues increased 17.9% year over year. "Norfolk Southern delivered excellent financial results in the second quarter, setting all-time records for net income and earnings per share, as well as second-quarter records for revenues, operating income and operating ratio," said CEO Wick Moorman. "We're seeing opportunities in the global economy, and we are moving forward with initiatives to drive business growth, productivity, and efficiency across our company." Norfolk Southern Corporation is a Virginia based company that controls a railroad, Norfolk Southern Railway Company.