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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| CSX Corporation | NASDAQ:CSX | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.05 | -0.15% | 34.34 | 34.20 | 34.53 | 34.61 | 34.20 | 34.45 | 13,615,438 | 00:59:16 |
From Apr 2021 to Apr 2024
By Allison Prang
CSX Corp. said profit more than doubled in the second quarter as revenue rose by a third and total expenses fell.
The railway company's net earnings were $1.17 billion. A year earlier, profit was $499 million. Earnings were 52 cents a share, up from 22 cents a share. According to FactSet, analysts were expecting 37 cents a share.
Revenue was $2.99 billion and rose by 33% year-over-year. Analysts were expecting $2.93 billion.
Expenses at the company fell 9% to $1.3 billion and interest expense was slightly lower than a year ago. CSX's income tax expense more than doubled from a year earlier.
Write to Allison Prang to allison.prang@wsj.com
(END) Dow Jones Newswires
July 21, 2021 16:27 ET (20:27 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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