SA: CSX falls after failing to top EPS estimates for first time in two years

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By LoadstarEditorial

21/07/2023

SEEKING ALPHA reports:

CSX Corporation (NASDAQ:CSX) traded lower in postmarket action on Thursday after the rails company missed estimates on both lines of its Q2 earnings report.

Revenue fell 3% year-over-year to $3.70B as lower fuel prices, reduced supplemental revenue, a decline in export coal benchmark prices, and a decrease in intermodal volumes more than offset the effects of volume growth in coal and merchandise and solid gains in merchandise pricing…

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