Market Updates
U.S. Movers: CSX
Scott Peters
17 Apr, 2025
New York City
CSX Corp. eased 0.04% to $27.34 after the rail transportation services provider reported first quarter 2025 results.
Revenue declined 7% to $3.42 billion from $3.68 billion, net earnings edged down 27% to $646 million from $880 million, and diluted earnings per share dropped 24% to 34 cents from 45 cents a year ago.
Total cargo volume of 1.52 million units for the quarter was 1% lower compared to 1.53 million units in the prior year, while intermodal volume was 2% higher at 0.72 million from 0.70 million a year ago.
The rail services company said constantly shifting tariffs landscape is adding uncertainty to a soft automotive market.
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