CSX 1Q Earnings Rise on Higher Volumes, Pricing
April 20 2023 - 4:48PM
Dow Jones News
By Bob Henderson
CSX Corp.'s first-quarter earnings rose 15% from the same
quarter a year ago on revenues boosted by increased volumes and
higher pricing.
The Jacksonville, Fla.-based freight-railroad operator said
Thursday it had earnings of $987 million, or 48 cents a share,
compared with earnings of $859 million, or 39 cents a share, in the
same quarter a year ago.
Analysts polled by FactSet expected earnings of 42 cents a
share.
Total revenue rose 8.8% to $3.71 billion. Analysts were
expecting revenue of $3.58 billion.
The company attributed its revenue growth to increased volumes
in merchandise and coal, higher fuel surcharges and pricing
gains.
Write to Bob Henderson at bob.henderson@wsj.com
(END) Dow Jones Newswires
April 20, 2023 16:33 ET (20:33 GMT)
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