Tags: US | Earns | CSX

Railroad CSX Profit Jumps 43 Percent

Wednesday, 13 Oct 2010 09:59 AM

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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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...
US,Earns,CSX
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2010-59-13
Wednesday, 13 Oct 2010 09:59 AM
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