These Analysts Slash Their Forecasts On CSX After Weak Earnings

CSX Corp. CSX posted weaker-than-expected first-quarter results after Wednesday’s closing bell.CSX reported quarterly GAAP earnings of 34 cents per share, which missed the analyst consensus estimate of 37 cents. Quarterly revenue came in at $3.42 billion, missing the$3.46 billion consensus estimate, as declines in coal revenue, fuel surcharge and merchandise volume were only partially offset by the effects of higher merchandise pricing and growth in intermodal volume."CSX faced operational challenges to st ...