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CSX CORPORATION

(CSX)
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CSX 2Q Profit More Than Doubles

07/21/2021 | 04:28pm EDT

By Allison Prang

CSX Corp. said profit more than doubled in the second quarter as revenue rose by a third and total expenses fell.

The railway company's net earnings were $1.17 billion. A year earlier, profit was $499 million. Earnings were 52 cents a share, up from 22 cents a share. According to FactSet, analysts were expecting 37 cents a share.

Revenue was $2.99 billion and rose by 33% year-over-year. Analysts were expecting $2.93 billion.

Expenses at the company fell 9% to $1.3 billion and interest expense was slightly lower than a year ago. CSX's income tax expense more than doubled from a year earlier.

Write to Allison Prang to allison.prang@wsj.com

(END) Dow Jones Newswires

07-21-21 1627ET

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Analyst Recommendations on CSX CORPORATION
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Financials (USD)
Sales 2021 12 151 M - -
Net income 2021 3 598 M - -
Net Debt 2021 13 738 M - -
P/E ratio 2021 19,2x
Yield 2021 1,23%
Capitalization 68 243 M 68 243 M -
EV / Sales 2021 6,75x
EV / Sales 2022 6,25x
Nbr of Employees 19 000
Free-Float 99,9%
Chart CSX CORPORATION
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CSX Corporation Technical Analysis Chart | CSX | US1264081035 | MarketScreener
Technical analysis trends CSX CORPORATION
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 27
Last Close Price 30,31 $
Average target price 35,96 $
Spread / Average Target 18,6%
EPS Revisions
Managers and Directors
James M. Foote President, Chief Executive Officer & Director
Sean R. Pelkey Chief Financial Officer & Vice President
John J. Zillmer Non-Executive Chairman
Ricky E. Johnson Senior Vice President-Engineering & Mechanical
Kathleen Brandt Chief Information Officer & Senior Vice President