CSX (NASDAQ:CSX) reported third quarter earnings that beat analyst's expectations on Tuesday and revenue that topped forecasts.
The firm reported earnings per share of $1.05 on revenue of $3.13B. Analysts polled by forecast EPS of $0.93 on revenue of $3.03B. That compared to EPS of $0.51 on revenue of $2.74B in the same period a year earlier The company had reported EPS of $1.01 on revenue of $3.1B in the previous quarter.
CSX shares lost -2.55% to trade at $74.09 in after-hours trade following the report.
For the year, CSX shares are up 29.79%, outperforming the Nasdaq which is up 10.2% year to date.
CSX follows other major Transportation sector earnings this month
On September 17, FedEx (NYSE:FDX) reported first quarter EPS of $3.46 on revenue of $17.1B, compared to forecasts of EPS of $3.8 on revenue of $16.87B.
Delta Air Lines (NYSE:DAL) earnings beat analyst's expectations on Thursday, with third quarter EPS of $1.8 on revenue of $11.85B. analysts expected EPS of $1.74 on revenue of $11.96B
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