CSX Stock Falls After Worse-Than-Expected Q3 Results: Details
Portfolio Pulse from Erica Kollmann
CSX Corporation's stock fell after reporting Q3 results that missed earnings and revenue estimates. Despite a 3% increase in volume, the company faced challenges from recent hurricanes. Shares dropped 3.95% in after-hours trading.
October 16, 2024 | 9:04 pm
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CSX Corporation reported Q3 earnings and revenue below expectations, leading to a 3.95% drop in after-hours trading. The company faced challenges from recent hurricanes but saw a 3% increase in volume.
CSX's Q3 earnings and revenue missed consensus estimates, which typically leads to a negative market reaction. The stock's 3.95% drop in after-hours trading reflects investor disappointment. Despite a 3% increase in volume, challenges from hurricanes likely contributed to the earnings miss.
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IMPORTANCE 80
RELEVANCE 100