© Reuters. CSX Earnings Miss, Revenue Beats In Q1
Investing.com – CSX (NASDAQ:) reported on Tuesday first quarter that missed analysts’ forecasts and revenue that topped expectations.
CSX announced earnings per share of $0.93 on revenue of $2.81B. Analysts polled by Investing.com anticipated EPS of $0.9613 on revenue of $2.79B.
CSX shares are up 8% from the beginning of the year, still down 2.80% from its 52 week high of $101.35 set on April 20. They are outperforming the Nasdaq which is up 6.97% from the start of the year.
CSX shares lost 2.52% in after-hours trade following the report.
CSX follows other major Transportation sector earnings this month
CSX’s report follows an earnings missed by Carnival ADS on April 7, who reported EPS of $-1.78 on revenue of $26M, compared to forecasts EPS of $-1.68 on revenue of $26M.
Delta Air Lines had missed expectations on Thursday with first quarter EPS of $-3.55 on revenue of $4.15B, compared to forecast for EPS of $-3.13 on revenue of $3.94B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
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