CSX's Earnings Fall, Revenue Increases
By Allison Prang
CSX Corp.'s top line fell in the first quarter and its net
earnings declined from a year ago.
The transportation company's net earnings were $706 million, or
93 cents a share. Profit fell from $770 million, or $1 a share, a
year earlier. Earnings missed Wall Street's consensus estimate
according to FactSet.
Revenue was $2.81 billion and slipped from $2.86 billion a year
earlier. Analysts were expecting $2.79 billion.
Write to Allison Prang at firstname.lastname@example.org
(END) Dow Jones Newswires
April 20, 2021 16:26 ET (20:26 GMT)
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