JACKSONVILLE, Fla. (AP) _ CSX Corp. (CSX) on Wednesday reported second-quarter profit of $445 million.
On a per-share basis, the Jacksonville, Florida-based company said it had profit of 47 cents.
The results beat Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of 44 cents per share.
The freight railroad posted revenue of $2.7 billion in the period, which fell short of Street forecasts. Six analysts surveyed by Zacks expected $2.71 billion.
CSX shares have climbed 7.5 per cent since the beginning of the year, while the Standard & Poor’s 500 index has increased slightly more than 5 per cent. The stock has decreased 13 per cent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CSX at http://www.zacks.com/ap/CSX
Keywords: CSX, Earnings Report, Priority Earnings