UPDATE: CSX Corp. (CSX) Reports In-Line Q1 EPS
CSX Corp. (NASDAQ: CSX) reported Q1 EPS of $0.37, in-line with the analyst estimate of $0.37. Revenue was $2.62 billion, versus the consensus at $2.68 billion.
Revenue for the quarter declined 14 percent, reflecting lower fuel recovery, a 5 percent volume decline and a $95 million year-over-year decline in other revenue related to payments received in 2015 from customers that did not meet their minimum volume commitments. These impacts more than offset pricing gains across nearly all markets from an improving service product and volume growth in automotive, intermodal, minerals and waste and equipment.