CSX Q1 Earnings In-Line, Low Coal Prices Pinch Revenue
CSX posted first quarter earnings of $0.37 cents a share in its first quarter but missed revenue forecasts.
CSX (CSX) - Get Report posted earnings of $0.37 cents a share in its first quarter, in-line with Wall Street estimates. But, revenue was slightly below the analyst consensus forecast. The company said service improvements helped offset the impact of lower volumes, but continued low commodity prices will challenge second quarter sales. TheStreet's Gregg Greenberg has details from Wall Street.
