CSX (NASDAQ:CSX) reported third quarter earnings 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 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. analysts expected EPS of $2.26 on revenue of $12.61B
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