CSX Corp Announces Rise In Q1 Profit, Beats estimates

(RTTNews) - CSX Corp (CSX) reported a profit for its first quarter that increased from the same period last year and beat the Street estimates.

The company's bottom line totaled $859 million, or $0.39 per share. This compares with $706 million, or $0.31 per share, in last year's first quarter.

Analysts on average had expected the company to earn $0.37 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 21.4% to $3.41 billion from $2.81 billion last year.

CSX Corp earnings at a glance (GAAP) :

-Earnings (Q1): $859 Mln. vs. $706 Mln. last year. -EPS (Q1): $0.39 vs. $0.31 last year. -Analyst Estimate: $0.37 -Revenue (Q1): $3.41 Bln vs. $2.81 Bln last year.