CSX Q1 Earnings & Revenues Surpass Estimates, Down Y/Y

CSX Corporation's (CSX) first-quarter 2024 earnings per share of 46 cents beat the Zacks Consensus Estimate by a penny. However, the bottom line declined 4% year over year.Total revenues of $3,681 million surpassed the Zacks Consensus Estimate of$3,646.6 million. The top line decreased 1% year over year due to lower fuel surcharge, decline in other revenues, lower trucking revenues, and reduced export coal prices. These factors offset the benefit from merchandise pricing and higher intermodal and coal volu ...