CSX Corp. shares jump more than 4% after company's earnings beat
Shares of CSX Corp. rose more than 4% late Tuesday after the railroad company reported first-quarter earnings and sales above Wall Street expectations. CSX said it earned $695 million, or 78 cents a share, in the quarter, compared with $362 million, or 39 cents a share, in the year-ago period. Sales remained flat at $2.88 billion, the company said. Analysts polled by FactSet had expected earnings of 66 cents a share on sales of $2.80 billion. "CSX employees did a great job of running the railroad and executing the scheduled railroading model during challenging weather conditions," Chief Executive James M. Foote said in a statement. Shares of CSX ended the regular trading day up 0.3%.