CSX stock falls after earnings miss

CSX Corp. CSX, +1.34% shares dropped in the extended session Tuesday after the railroad operator's quarterly results fell short of Wall Street estimates. CSX shares fell 5.5% after hours, following a 1.3% rise to close the regular session at $79.55.

The company reported second-quarter net income of $870 million, or $1.08 a share, compared with $877 million, or $1.01 a share, in the year-ago period. Revenue declined to $3.06 billion from $3.1 billion in the year-ago quarter. Analysts surveyed by FactSet had forecast earnings of $1.11 a share on revenue of $3.14 billion.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

China's Xiaomi continues chip strategy revamp with investment in semiconductor designerChina's Xiaomi Corp has taken a stake of roughly 6% in compatriot... Xiaomi likes Huawei,not a normal company,you will see if you study Chinese companies of top 100
Source: Reuters - 🏆 2. / 97 Read more »

Lear's stock sinks after cutting full-year guidance as industry volumes continue to declineShares of Lear Corp. sank 7.6% in premarket trading Tuesday, after the automotive electrical systems company cut its full-year outlook, citing continued...
Source: MarketWatch - 🏆 3. / 97 Read more »