Investing.com – CSX (NASDAQ:) reported on Wednesday second quarter that beat analysts’ forecasts and revenue that topped expectations.
CSX announced earnings per share of $0.4 on revenue of $2.99B. Analysts polled by Investing.com anticipated EPS of $0.369 on revenue of $2.92B.
CSX shares are up 4% from the beginning of the year, still down 9.72% from its 52 week high of $34.96 set on May 10. They are under-performing the S&P 500 which is up 16.05% from the start of the year.
CSX shares gained 1.46% in after-hours trade following the report.
CSX follows other major Transportation sector earnings this month
CSX’s report follows an earnings missed by FedEx on June 24, who reported EPS of $5.01 on revenue of $22.6B, compared to forecasts EPS of $5.02 on revenue of $21.52B.
Canadian National Railway had matched expectations on Tuesday with second quarter EPS of $1.49 on revenue of $3.6B, compared to forecast for EPS of $1.49 on revenue of $3.66B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
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