CSX meets 3Q profit forecasts

FAN Editor

CSX Corp. (CSX) on Tuesday reported third-quarter net income of $459 million.

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On a per-share basis, the Jacksonville, Florida-based company said it had net income of 51 cents.

The results matched Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was also for earnings of 51 cents per share.

The freight railroad posted revenue of $2.74 billion in the period, which fell short of Street forecasts. Seven analysts surveyed by Zacks expected $2.77 billion.

CSX shares have climbed 47 percent since the beginning of the year, while the Standard & Poor’s 500 index has risen 14 percent. The stock has climbed 70 percent in the last 12 months.


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This story was generated by Automated Insights using data from Zacks Investment Research. Access a Zacks stock report on CSX at https://www.zacks.com/ap/CSX

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