CSX Corp (CSX) reported second-quarter profits that surpassed Wall Street expectations.
The company's net income for the quarter was $963 million, or $0.49 per share, compared to $984 million, or $0.49 per share, in the same quarter last year.
According to data from Thomson Reuters, analysts had anticipated the company to report earnings of $0.48 per share. Typically, analysts' estimates do not include special items.
Revenue for the quarter experienced a modest increase of 0.1%, rising to $3.701 billion from $3.699 billion in the previous year.
Key financial metrics for CSX Corp (GAAP):
- Earnings (Q2): $963 million vs. $984 million last year
- EPS (Q2): $0.49 vs. $0.49 last year
- Revenue (Q2): $3.701 billion vs. $3.699 billion last year
