CSX Q2 EPS $0.49, Inline, Sales $3.70B Miss $3.73B Estimate
Portfolio Pulse from Benzinga Newsdesk
CSX reported Q2 earnings of $0.49 per share, in line with analyst consensus. However, the company's quarterly sales of $3.70 billion missed the consensus estimate of $3.73 billion by 0.80 percent. This represents a 2 percent decrease in earnings and a 3.01 percent decrease in sales compared to the same period last year.
July 20, 2023 | 8:02 pm
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CSX's Q2 earnings met expectations, but sales fell short of estimates. This could potentially impact investor sentiment and the company's stock price.
CSX's earnings were in line with expectations, which is generally positive. However, the company's sales missed estimates, which is a negative signal. Additionally, both earnings and sales decreased compared to the same period last year, which could negatively impact investor sentiment and the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100