CSX Earnings, Revenue Beat in Q2
2022.07.20 23:10
CSX Earnings, Revenue Beat in Q2
Investing.com – CSX (NASDAQ:CSX) reported on Wednesday second quarter earnings that beat analysts’ forecasts and revenue that topped expectations.
CSX announced earnings per share of $0.54 on revenue of $3.82B. Analysts polled by Investing.com anticipated EPS of $0.4682 on revenue of $3.65B.
CSX shares are down 20% from the beginning of the year, still down 23.04% from its 52 week high of $38.63 set on March 7. They are outperforming the Nasdaq 100 which is down 23.78% from the start of the year.
CSX shares gained 1.28% in after-hours trade following the report.
CSX follows other major Industrials sector earnings this month
CSX’s report follows an earnings missed by Lockheed Martin on Tuesday, who reported EPS of $1.16 on revenue of $15.45B, compared to forecasts EPS of $6.34 on revenue of $15.99B.
FedEx had matched expectations on June 23 with fourth quarter EPS of $6.87 on revenue of $24.4B, compared to forecast for EPS of $6.87 on revenue of $24.5B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
