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Shares of railroad companies were moving higher Wednesday afternoon, led by CSX(CSX Quote), which reported higher-than-expected first-quarter earnings late Tuesday.
CSX said Tuesday its first-quarter profit fell 30% from a year earlier, but the results easily beat Wall Street's expectations as cheaper fuel and lower costs balanced offset slackened demand.
Jacksonville, Fla.-based CSX reported EPS of 62 cents on $2.25 billion of revenue, beating analysts' estimates, which averaged 51 cents. ...
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