CSX Q1 2024 GAAP EPS $0.46 Beats $0.45 Estimate, Sales $3.680B Beat $3.665B Estimate
Portfolio Pulse from Benzinga Newsdesk
CSX Corporation reported Q1 2024 earnings of $0.46 per share, surpassing the consensus estimate of $0.45. Sales reached $3.680 billion, also beating estimates of $3.665 billion but marking a 0.81% decrease from the previous year.
April 17, 2024 | 8:02 pm
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POSITIVE IMPACT
CSX Corporation exceeded Q1 2024 earnings and sales estimates, with a minor year-over-year sales decline.
Beating both earnings and sales estimates typically has a positive impact on investor sentiment and stock price in the short term. However, the slight year-over-year sales decrease might temper some of the positive momentum.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100