This post was originally published on this site
CSX Corp. on Thursday reported a quarterly per-share profit that just missed estimates but sales that just topped them, as shipping demand remained sluggish.
The railroad company reported third-quarter net income of $846 million, or 42 cents a share, compared with $1.11 billion, or 52 cents a share, in the same quarter last year. Revenue fell to $3.57 billion from $3.89 billion in the prior-year quarter.
Analysts…
