Buy
Sell
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
  0.15 0.46% 32.82 32.82 32.86 32.86 32.385 32.385 10,395,059 01:00:00

CSX 2Q Profit More Than Doubles

21/07/2021 9:28pm

Dow Jones News


CSX (NASDAQ:CSX)
Historical Stock Chart


From Jun 2021 to Jul 2021

Click Here for more CSX Charts.

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.

1 Year CSX Chart

1 Year CSX Chart

1 Month CSX Chart

1 Month CSX Chart
ADVFN Advertorial
Your Recent History
NASDAQ
CSX
CSX
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20210725 07:34:46