Investing.com - CSX (NASDAQ:CSX) reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
CSX announced earnings per share of $0.4 on revenue of $2.99B. Analysts polled by Investing.com anticipated EPS of $0.369 on revenue of $2.92B.
CSX shares are up 4% from the beginning of the year and are trading at $32.02 , down-from-52-week-high.They are under-performing the S&P 500 which is up 16.05% from the start of the year.
CSX shares gained 1.46% in after-hours trade the report.
CSX follows other major Transportation sector earnings this month
CSX's report follows an earnings missed by FedEx on Thursday, June 24, 2021, who reported EPS of $5.01 on revenue of $22.6B, compared to forecasts EPS of $5.02 on revenue of $21.52B.
Canadian National Railway had matched expectations on Tuesday with second quarter EPS of $1.49 on revenue of $3.6B, compared to forecast for EPS of $1.49 on revenue of $3.66B.
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