Investing.com - CSX (NASDAQ:CSX) reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
CSX announced earnings per share of $0.65 on revenue of $2.26B. Analysts polled by Investing.com anticipated EPS of $0.64 on revenue of $2.32B.
CSX shares are up 1% from the beginning of the year and are trading at $73.36 , down-from-52-week-high.They are broadly in line with the S&P 500 which is up 1.4% from the start of the year.
CSX shares gained 0.16% in after-hours trade the report.
CSX follows other major Transportation sector earnings this month
CSX's report follows an earnings beat by Canadian National Railway on Tuesday, who reported EPS of $1.28 on revenue of $3.21B, compared to forecasts EPS of $0.92 on revenue of $3,249M.
FedEx had beat expectations on Tuesday, June 30, 2020 with fourth quarter EPS of $2.53 on revenue of $17.4B, compared to forecast for EPS of $1.58 on revenue of $16.41B.
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