CSX Corporation (CSX) announced its third-quarter earnings, revealing an increase over the previous year but falling short of Wall Street expectations.
The company's net income reached $894 million, translating to earnings of $0.46 per share. This is an improvement from the $828 million, or $0.41 per share, reported in the same quarter last year.
Market analysts, as surveyed by Thomson Reuters, had anticipated earnings of $0.48 per share. Notably, these projections typically exclude any one-time items or special adjustments.
CSX's revenue for the quarter saw a modest rise of 1.3%, increasing to $3.619 billion from $3.572 billion in the prior-year period.
Key financial highlights for CSX Corporation, according to generally accepted accounting principles (GAAP):
- Third-quarter earnings: $894 million, compared to $828 million last year.
- Earnings per share (EPS) for Q3: $0.46, versus $0.41 from the previous year.
- Third-quarter revenue: $3.619 billion, up from $3.572 billion last year.
