CSX Corp. Rising After Earnings (CSX)

CSX Corporation

announced its Q3 earnings results after the closing bell on Tuesday. The company reported earnings of $414 million, or $1.08 per share, versus $290 million or $0.73 per share, in the year ago period. This came in ahead of analysts' consensus EPS estimates of $1.04. Revenue was up 16% to $2.7 billion which beat Wall Street expectations of $2.66 billion. In the after hours trading session, CSX shares have gained 1.83% to $58.31. "As the economy continued to improve, CSX saw volume growth in nearly all markets while delivering another strong performance in safety, service and productivity," said Michael J. Ward, chairman, president and chief executive officer. "These positive financial results are enabling the company to increase investments that create competitive advantages for customers, grow the business, create jobs and deliver shareholder value."