CSX Shares Up 2%, Reports In-Line Q1 EPS While Revenue Beats
2022.04.21 00:46
CSX Shares Up 2%, Reports In-Line Q1 EPS While Revenue Beats
CSX Corp. (NASDAQ:CSX) shares rose over 2% after-hours following the company’s Q1 results, with revenue coming in at $3.41 billion, compared to the consensus estimate of $3.34 billion. EPS came in at $0.39, in line with the consensus estimate.
The revenue growth of 21% year-over-year reflects an overall revenue-per-unit increase of 24% and a 2% decline in volume.
President and CEO James M. Foote said the market environment “continues to be supportive” and they expect to deliver improved fluidity across their network over the course of the year “while positioning us to capture opportunities for future growth.”
Shares of CSX are down 6% year-to-date.
By Davit Kirakosyan
