CSX Stock Sinks as Hurricanes Hit Results, Outlook

Key TakeawaysCSX's results and outlook were impacted by the damage caused by Hurricanes Helene and Milton.The freight shipper missed both profit and sales estimates in the third quarter.CSX warned that the effects of the storms will negatively impact volume and operating volume in the current quarter. CSX (CSX) shares tumbled Thursday after the freight shipper reported worse-than-expected results and warned about the current quarter because of the impact of Hurricanes Helene and Milton. The company posted t ...