CSX Q3 EPS $0.42, Sales $3.57B Beat $3.55B Estimate
Portfolio Pulse from Benzinga Newsdesk
CSX reported Q3 earnings of $0.42 per share, meeting analyst consensus, but marking a 19.23% decrease YoY. The company's quarterly sales of $3.57 billion beat the analyst consensus of $3.55 billion by 0.56%, but this is an 8.34% decrease YoY.
October 19, 2023 | 8:02 pm
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NEGATIVE IMPACT
CSX's Q3 earnings met analyst expectations but decreased YoY. Sales beat estimates but also decreased YoY.
CSX's earnings met analyst expectations, which is positive. However, the YoY decrease in both earnings and sales could negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100