By Dave Sebastian
Norfolk Southern Corp. said its profit and revenue for the second quarter rose as volume increased.
The company with a rail network extending across parts of the south, midwest and northeast on Wednesday posted net income of $819 million, compared with $392 million in the prior year. Earnings were $3.28 a share, compared with $1.53 a share in the year-ago period.
Railway operating revenues rose 34% to $2.8 billion, the company said. Analysts polled by FactSet were expecting $2.75 billion.
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(END) Dow Jones Newswires
July 28, 2021 08:32 ET (12:32 GMT)Copyright (c) 2021 Dow Jones & Company, Inc.