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CSX's Earnings & Revenues Miss Estimates in Q3, Increase Y/Y
ZACKS· 2024-10-17 15:55
CSX Corporation's (CSX) third-quarter 2024 earnings per share of 46 cents fell short of the Zacks Consensus Estimate by two cents. However, the bottom line increased on a year-over-year basis on the back of higher revenues as freight volumes grew.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Total revenues of $3.62 billion increased 1% year over year, driven by merchandise pricing gains and growth in intermodal and merchandise volumes. The positives outweighed the negatives like low ...
First Responders Children's Foundation Announces 2024 CSX Pride in Service Scholarship Recipients
GlobeNewswire News Room· 2024-10-17 13:43
NEW YORK, Oct. 17, 2024 (GLOBE NEWSWIRE) -- First Responders Children’s Foundation (FRCF), a national 501(c)3 organization dedicated to serving the children of U.S. first responders including firefighters, police officers, paramedics, EMTs, corrections officers, and 911 dispatchers, announced – in partnership with CSX – the names of 10 students who will receive the CSX Pride in Service Scholarship for the 2024/2025 academic year. FRCF and CSX have awarded individual scholarships to deserving children of fir ...
CSX Posts Weak Earnings, Joins Lucid Group, Nokia And Other Big Stocks Moving Lower In Thursday's Pre-Market Session
Benzinga· 2024-10-17 13:15
U.S. stock futures were mostly higher this morning, with the Nasdaq futures gaining around 100 points on Thursday.Shares of CSX Corporation CSX fell sharply in today's pre-market trading after the company reported third-quarter earnings below analyst estimates.CSX reported quarterly GAAP earnings of 46 cents per share, which missed the consensus estimate of 48 cents per share. Quarterly revenue came in at $3.62 billion, also missing the consensus estimate of $3.676 billion. The company said its total volume ...
CSX(CSX) - 2024 Q3 - Earnings Call Transcript
2024-10-17 00:03
CSX Corporation (NASDAQ:CSX) Q3 2024 Results Conference Call October 16, 2024 4:30 PM ET Company Participants Matthew Korn - Head of Investor Relations and Strategy Joe Hinrichs - President and Chief Executive Officer Mike Cory - Executive Vice President and Chief Operating Officer Kevin Boone - Executive Vice President and Chief Commercial Officer Sean Pelkey - Executive Vice President and Chief Financial Officer Conference Call Participants Brian Ossenbeck - JPMorgan Ari Rosa - Citi Jonathan Chappell - Ev ...
Small-Cap Russell Dominates Stock Market Hump Day
ZACKS· 2024-10-16 23:25
Wednesday, October 16th, 2024Markets were up across the board today, with the blue-chip Dow notching yet another all-time closing high. The Dow gained +337 points, +0.79%, for the session. The S&P 500, which had last posted an all-time closing high on Monday, was just short today, up +0.47% but 14 points off its Monday closing high.The tech-heavy Nasdaq, which hasn’t reached a new closing high since July of this year, was the relative laggard among top indexes: +0.28%. The small-cap Russell 2000, three full ...
Compared to Estimates, CSX (CSX) Q3 Earnings: A Look at Key Metrics
ZACKS· 2024-10-16 22:31
For the quarter ended September 2024, CSX (CSX) reported revenue of $3.62 billion, up 1.3% over the same period last year. EPS came in at $0.46, compared to $0.42 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $3.68 billion, representing a surprise of -1.56%. The company delivered an EPS surprise of -4.17%, with the consensus EPS estimate being $0.48.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they comp ...
CSX (CSX) Misses Q3 Earnings and Revenue Estimates
ZACKS· 2024-10-16 22:11
CSX (CSX) came out with quarterly earnings of $0.46 per share, missing the Zacks Consensus Estimate of $0.48 per share. This compares to earnings of $0.42 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -4.17%. A quarter ago, it was expected that this freight railroad would post earnings of $0.48 per share when it actually produced earnings of $0.49, delivering a surprise of 2.08%.Over the last four quarters, the company has s ...
CSX(CSX) - 2024 Q3 - Quarterly Report
2024-10-16 21:36
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (☒) QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR (☐) TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number 1-8022 CSX CORPORATION (Exact name of registrant as specified in its charter) Virginia 62-10519 ...
CSX(CSX) - 2024 Q3 - Quarterly Results
2024-10-16 20:02
Exhibit 99.2 CSX 7021 7021 QUARTERLY FINANCIAL REPORT THIRD QUARTER 2024 Quarterly Financial Report CSX Corp. Announces Third Quarter 2024 Results JACKSONVILLE, Fla. – October 16, 2024 – CSX Corp. (NASDAQ: CSX) today announced third quarter 2024 operating income of $1.35 billion compared to $1.27 billion in the prior year period. Net earnings were $894 million, or $0.46 per diluted share, compared to $828 million, or $0.41 per diluted share, in the same period last year. Total volume of 1.59 million units f ...
CSX Corp. Announces Third Quarter 2024 Results
GlobeNewswire News Room· 2024-10-16 20:01
JACKSONVILLE, Fla., Oct. 16, 2024 (GLOBE NEWSWIRE) -- CSX Corp. (NASDAQ: CSX) today announced third quarter 2024 operating income of $1.35 billion compared to $1.27 billion in the prior year period. Net earnings were $894 million, or $0.46 per diluted share, compared to $828 million, or $0.41 per diluted share, in the same period last year. Total volume of 1.59 million units for the quarter was 3% higher compared to third quarter 2023. “CSX's commitment to excellent service allowed us to deliver meaningful ...