CSX: Q1 Earnings Snapshot
JACKSONVILLE, Fla. (AP) _ CSX Corp. (CSX) on Wednesday reported first-quarter earnings of $859 million.
On a per-share basis, the Jacksonville, Florida-based company said it had net income of 39 cents.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 38 cents per share.
The freight railroad posted revenue of $3.41 billion in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $3.29 billion.