CSX Q3 2024 GAAP EPS $0.46 Misses $0.48 Estimate, Sales $3.620B Miss $3.676B Estimate
Portfolio Pulse from Benzinga Newsdesk
CSX Corporation reported its Q3 2024 financial results, with GAAP EPS of $0.46, missing the estimate of $0.48. Sales were $3.620 billion, also below the expected $3.676 billion.
October 16, 2024 | 8:02 pm
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NEGATIVE IMPACT
CSX Corporation's Q3 2024 earnings report shows a miss on both EPS and sales estimates, which could negatively impact the stock price in the short term.
CSX's reported earnings per share (EPS) and sales figures both fell short of analyst expectations. Such misses typically lead to negative investor sentiment and potential short-term declines in stock price as the market reacts to the underperformance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100