Railroad CSX says its third-quarter earnings soared 43 percent as its trains operated more efficiently and shipments rose in some business segments.
The Jacksonville, Fla. company said Tuesday it earned $414 million, or $1.08 per share, compared with year-earlier results of $290 million, or 73 cents per share.
Revenue rose 16 percent from the prior year to $2.67 billion.
Thomson Reuters says analysts expected a profit $1.04 per share on $2.66 billion in revenue.
Overall, shipments were up 10 percent. Automotive shipments rose the most, by 44 percent. Shipments of forest and consumer products, like food and retail goods, were flat.
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