CSX Stock Falls After Q2 Earnings: Here's Why
Portfolio Pulse from Ryan Gustafson
CSX Corporation's Q2 earnings report showed a 2% decrease in earnings per share and a 3.01% decrease in sales compared to the same period last year. The company attributed the revenue decline to lower fuel recovery, pricing declines in export coal, and lower intermodal volume. However, gains in merchandise pricing and volume, as well as higher coal volumes, helped offset these decreases. Despite the mixed results, CSX shares fell by 3.95% in after-hours trading.

July 20, 2023 | 8:54 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
CSX Corporation's Q2 earnings report showed a 2% decrease in earnings per share and a 3.01% decrease in sales compared to the same period last year, leading to a 3.95% drop in share price in after-hours trading.
CSX Corporation's Q2 earnings report showed a decrease in both earnings per share and sales compared to the same period last year. This negative financial performance, despite gains in merchandise and coal volumes, likely contributed to the drop in share price in after-hours trading.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100