CSX Corp. Exceeds Estimates (CSX)

CSX Corp. CSX has released its Q2 earnings, exceeding Wall Street top and bottom line estimates. The company announced earnings from continuing operations of $414 million, or $1.07 per share, compared to $282 million, or $0.71 per share, in last year's second quarter. Analysts had anticipated CSX would report EPS of $0.98. Revenue increased by 22% to nearly $2.7 billion. Wall Street analysts had expected the company to report revenue of $2.63 billion. During the after hours trading session, CSX has gained 0.30% to $52.62. "While the economy remains dynamic, our markets overall continue to improve, and our outlook remains positive," said Michael J. Ward, chairman, president and chief executive officer. "At the same time, CSX has demonstrated that it can be successful in a wide array of economic conditions, and that's what we will continue to do."