Movement Alert｜CSX Corp Intraday Rise 5.94% in Regular Trading, Q3 Revenue and Earnings Beat Expectations

Market Focus10-22 21:58

On October 22, CSX Corp rose 5.94% in Regular Trading, trading at $51.53 per share, with turnover of $168 million.

The move followed the company’s latest quarterly results, which came in ahead of market expectations on both revenue and earnings.

For the quarter ended September 30, CSX Corp reported diluted EPS of $0.57, above the $0.53 consensus and up from $0.37 a year earlier. Revenue reached a record $4.02 billion, topping the $3.96 billion expectation and rising from $3.59 billion a year earlier. The company also reported operating income of $1.57 billion, up 44% year over year, while operating margin expanded to 39.1%, helping explain the stock’s strong session performance.

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