CSX Corp. (NASDAQ:CSX) released its first-quarter results after Wednesday's closing bell. Here's a look at the key figures from the report.
The Details: CSX reported quarterly GAAP earnings of 34 cents per share, which missed the analyst consensus estimate of 37 cents. Quarterly revenue came in at $3.42 billion, missing the $3.46 billion consensus estimate, as declines in coal revenue, fuel surcharge and merchandise volume were only partially offset by the effects of higher merchandise pricing and growth in intermodal volume.
Total volume of 1.52 million units for the quarter was 1% lower compared to the first quarter of 2024.
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“CSX faced operational challenges to start the year, which contributed to first quarter results that did not meet our expectations,” said Joe Hinrichs, president and CEO of CSX.
“In response, our talented and dedicated team of railroaders are working together to lift our performance and drive success through an uncertain market outlook. We are taking targeted actions to address the network constraints posed by two major ongoing infrastructure projects, and we remain committed to safely and reliably serving our customers,” Hinrichs said.
CSX Price Action: According to data from Benzinga Pro, CSX shares were down 1.28% after-hours at $27.15 on Wednesday.
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