CSX shares 3% as Q2 earnings beat by

© Reuters. CSX (CSX) Up 3% on Q2 earnings beat

By David Kirakosyan

Stocks of CSX Corp. (NASDAQ:) traded 3% higher after hours after the railroad company reported, with EPS of $0.54, better than the consensus estimate of $0.47.

Revenue grew 28% year-on-year to $3.82 billion (vs. consensus estimate of $3.65 billion) due to higher revenue in most markets due to price increases, surcharges fuel and the addition of quality Carriers.

James M. Foote, president and chief executive officer, said: “I am very proud of the entire CSX staff, including the Pan Am railway staff, for their hard work and dedication. theirs this quarter. “While volatile commodity prices and persistent inflation have added to the uncertainty of the economy, our efforts remain focused on adding the necessary resources to improve the performance of our network. us, enhance customer satisfaction and develop new rail service solutions to drive meaningful growth over the long term. “

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