CSX Earnings Beat, Revenue Misses In Q3

Investing.com – CSX (NASDAQ:) reported third quarter that beat analysts’ expectations on Wednesday and revenue that fell short of forecasts.

The firm reported earnings per share of $1.08 on revenue of $2.98B. Analysts polled by Investing.com forecast EPS of $1.02 on revenue of $2.99B. That compared to EPS of $1.05 on revenue of $3.13B in the same period a year earlier. The company had reported EPS of $1.08 on revenue of $3.06B in the previous quarter.

CSX shares gained 1.46% to trade at $70.00 in after-hours trade following the report.

CSX follows other major Transportation sector earnings this month

On September 17, FedEx reported first quarter EPS of $3.05 on revenue of $17.05B, compared to forecasts of EPS of $3.15 on revenue of $17.06B.

Delta Air Lines earnings beat analysts’ expectations on October 10, with third quarter EPS of $2.32 on revenue of $12.55B. Investing.com analysts expected EPS of $2.26 on revenue of $12.61B

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar

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