'CSX Receives SEC Subpoena Over Accounting Restatement; Railroad Company Says It Has Been Responding To The SEC Regarding Its Non-Financial Performance Metrics' - WSJ
Portfolio Pulse from Benzinga Newsdesk
CSX Corporation has received a subpoena from the SEC regarding an accounting restatement disclosed in its second-quarter earnings report. The company is also responding to SEC inquiries about its non-financial performance metrics.
October 17, 2024 | 6:16 pm
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CSX Corporation is under investigation by the SEC due to an accounting restatement in its Q2 earnings report. The company is also addressing SEC inquiries about its non-financial performance metrics.
The SEC subpoena and investigation into CSX's accounting practices and non-financial metrics could lead to short-term stock volatility. Investors may react negatively due to potential regulatory repercussions and uncertainty surrounding the company's financial disclosures.
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