Investing.com - CSX (NASDAQ:CSX) reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
CSX announced earnings per share of $1 on revenue of $2.86B. Analysts polled by Investing.com anticipated EPS of $0.94 on revenue of $2.87B. That with comparison to EPS of $1.02 on revenue of $3.01B in the same period a year before.CSX had reported EPS of $0.99 on revenue of $2.89B in the previous quarter.Analysts are expecting EPS of $0.85 and revenue of $2.68B in the upcoming quarter.
CSX shares are down 16% from the beginning of the year and are trading at $60.78 , down-from-52-week-high.They are under-performing the S&P 500 which is down 13.75% year to date.
CSX follows other major Transportation sector earnings this month
CSX's report follows an earnings missed by Delta Air Lines on Wednesday, who reported EPS of $-0.51 on revenue of $8.59B, compared to forecasts EPS of $-0.46 on revenue of $9.27B.
Kansas City Southern had beat expectations on Friday with first quarter EPS of $1.96 on revenue of $731.7M, compared to forecast for EPS of $1.78 on revenue of $716.26M.
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