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Jacksonville, Fla. • CSX Corp. reported third-quarter earnings of $507 million, or 52 cents per share, on Tuesday, exceeding Wall Street expectations.
The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 50 cents per share.
The freight railroad posted revenue of $2.94 billion in the period, which missed Street forecasts. Four analysts surveyed by Zacks expected $3.04 billion.
CSX shares have fallen 23 percent since the beginning of the year, while the Standard & Poor's 500 index has declined roughly 3 percent. In the final minutes of trading on Tuesday, shares hit $27.78, a decrease of 12 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CSX at http://www.zacks.com/ap/CSX