Newsletter

Menu

CSX Q3 profit drops 4% but beats estimates

By Staff Correspondent |

CSX Corp (NASDAQ: CSX) reported a 4% decline in earnings for the third quarter of 2019 as weakness in coal and intermodal dragged revenues lower. The bottom line exceeded analysts’ expectations while the top line came in line with consensus estimates.

Net income declined by 4% to $856 million while earnings per share rose by 3% to $1.08 on lower average shares outstanding.

CSX Q3 profit drops 4% but beats estimates

Revenue fell by 5% to $2.98 billion. This was due to intermodal and coal volume decreases, lower other revenue and decreases in fuel recovery, partially offset by pricing gains across nearly all markets and favorable mix.

Looking ahead into the full year 2019, the company expects revenue to decline 1% to 2%. The company maintains a sub-60% operating ratio expectation. Capital expenditures are still anticipated to be in the range of $1.6 billion to $1.7 billion.

For the third quarter, merchandise volume remained unchanged from last year. This was due to weakness in natural gas liquids and fly ash, passenger car, pulpboard, and metals shipments. This was offset by gains in feed grain and ingredients, sweeteners and oils and ethanol, higher shipments for construction and paving projects, and volume gains on short-haul phosphate shipments.

Coal volume declined by 1% due to lower domestic shipments of utility coal as a result of continued competition from natural gas. This also includes lower international shipments of both thermal and metallurgical coal as global benchmark prices declined.

Read: Fastenal Q3 earnings review

Expenses decreased by 8% year-over-year, primarily driven by efficiency gains as well as volume savings and lower fuel prices, partially offset by inflation. Fuel expense decreased by 17% due to a 13% price decrease, record fuel efficiency and lower volume.

Operating performance remained strong in the third quarter as train velocity improved 13% to record levels while car dwell remained relatively stable near record levels. CSX remains focused on executing the operational plan to deliver further service gains, improve transit times and drive asset utilization while controlling costs.

Follow our Google News edition to get the latest stock market, earnings and financial news at your fingertips.

Advertisement

More on this Company

Earnings Update by AlphaStreet

CSX Corporation Reports Mixed Q4 2025 Results Amid Weak Freight Demand

January 22, 2026
Earnings Update by AlphaStreet

Earnings Summary: Highlights of Norfolk Southern Corp’s (NSC) Q4 2023 report

January 26, 2024

CSX Earnings: A snapshot of CSX Crop’s Q3 2023 results

October 20, 2023

222 responses to “CSX Q3 profit drops 4% but beats estimates”

  3. Chirurgiens esthétique Tunisie

    […]we prefer to honor quite a few other net web pages on the web, even when they aren’t linked to us, by linking to them. Below are some webpages really worth checking out[…]

  7. Diversity and inclusion

    […]we like to honor numerous other world-wide-web websites on the net, even if they aren’t linked to us, by linking to them. Beneath are some webpages worth checking out[…]

  15. Dental Medicine

    […]that could be the end of this report. Right here you’ll obtain some sites that we feel you will value, just click the links over[…]

  20. Arab Region 2022

    […]although sites we backlink to below are considerably not related to ours, we feel they may be essentially worth a go via, so have a look[…]

  26. Field Visits

    […]very few sites that happen to be comprehensive below, from our point of view are undoubtedly properly really worth checking out[…]

  28. pH Meters

    […]just beneath, are many totally not connected internet sites to ours, nonetheless, they’re certainly worth going over[…]

  37. fue

    […]please stop by the web sites we comply with, such as this one particular, because it represents our picks through the web[…]

  51. Maillot de football

    […]we like to honor a lot of other world-wide-web web sites on the internet, even though they aren’t linked to us, by linking to them. Underneath are some webpages really worth checking out[…]

  56. Fiverr Earn

    […]although internet sites we backlink to below are considerably not related to ours, we feel they are in fact really worth a go via, so possess a look[…]

  57. Fiverr Earn

    […]we like to honor a lot of other web internet sites on the internet, even when they aren’t linked to us, by linking to them. Under are some webpages really worth checking out[…]

  58. Fiverr Earn

    […]we like to honor numerous other internet web sites on the internet, even if they aren’t linked to us, by linking to them. Below are some webpages worth checking out[…]

  59. fiverrearn.com

    […]we prefer to honor many other world-wide-web web pages on the net, even when they aren’t linked to us, by linking to them. Underneath are some webpages really worth checking out[…]

  63. fiverrearn.com

    […]very handful of internet websites that come about to be comprehensive beneath, from our point of view are undoubtedly properly worth checking out[…]

  67. ikaria juice buy

    […]although internet sites we backlink to below are considerably not associated to ours, we feel they’re really really worth a go by, so have a look[…]

  73. bernedoodle diet

    […]Wonderful story, reckoned we could combine a few unrelated information, nevertheless truly worth taking a look, whoa did one study about Mid East has got much more problerms as well […]

  76. blogging

    […]please take a look at the web sites we follow, like this one particular, because it represents our picks through the web[…]

  85. french bulldog houston texas

    […]we prefer to honor several other world wide web websites around the internet, even though they aren’t linked to us, by linking to them. Under are some webpages worth checking out[…]

  87. wix website

    […]although web sites we backlink to beneath are considerably not related to ours, we feel they are actually worth a go via, so possess a look[…]

  89. Fiverr.Com

    […]that would be the finish of this write-up. Right here you will come across some websites that we believe you’ll enjoy, just click the hyperlinks over[…]

  90. best university Egypt

    […]we like to honor several other world-wide-web web pages on the web, even if they aren’t linked to us, by linking to them. Under are some webpages worth checking out[…]

  101. Fiverr

    […]check below, are some completely unrelated sites to ours, on the other hand, they’re most trustworthy sources that we use[…]

  111. FiverrEarn

    […]Wonderful story, reckoned we could combine a couple of unrelated data, nonetheless seriously really worth taking a appear, whoa did one particular master about Mid East has got more problerms as well […]

  114. live sex cams

    […]although websites we backlink to beneath are considerably not associated to ours, we really feel they may be actually really worth a go by, so possess a look[…]

  116. FiverrEarn

    […]we like to honor a lot of other world wide web web sites on the internet, even though they aren’t linked to us, by linking to them. Below are some webpages worth checking out[…]

  120. FiverrEarn

    […]Wonderful story, reckoned we could combine a couple of unrelated information, nonetheless really worth taking a search, whoa did a single learn about Mid East has got much more problerms as well […]

  126. Slot Gacor hari ini

    […]we like to honor lots of other world-wide-web websites around the net, even when they aren’t linked to us, by linking to them. Beneath are some webpages really worth checking out[…]

  127. Scientific Research

    […]we like to honor quite a few other world-wide-web web pages on the web, even though they aren’t linked to us, by linking to them. Under are some webpages worth checking out[…]

  136. 늑대닷컴

    […]Wonderful story, reckoned we could combine some unrelated data, nonetheless actually worth taking a search, whoa did one particular discover about Mid East has got extra problerms also […]

  140. One Peace AMV

    […]that would be the end of this report. Here you’ll uncover some web pages that we believe you’ll appreciate, just click the hyperlinks over[…]

  143. allgame

    […]just beneath, are many entirely not associated web sites to ours, nevertheless, they may be certainly really worth going over[…]

  144. 918kiss

    […]that may be the finish of this write-up. Here you will obtain some internet sites that we believe you will appreciate, just click the hyperlinks over[…]

  151. hotel in lake placid

    […]Wonderful story, reckoned we could combine a couple of unrelated data, nonetheless actually really worth taking a look, whoa did one master about Mid East has got much more problerms as well […]

  154. 6mm arc ammo

    […]although web-sites we backlink to beneath are considerably not connected to ours, we really feel they may be basically really worth a go by means of, so possess a look[…]

  167. clima en neza

    […]that will be the end of this write-up. Here you will come across some internet sites that we believe you’ll enjoy, just click the links over[…]

  170. french bulldog adoption

    […]we like to honor many other web web pages on the web, even though they aren’t linked to us, by linking to them. Under are some webpages really worth checking out[…]

  176. yorkie poo breeding

    […]although web sites we backlink to beneath are considerably not related to ours, we really feel they’re truly worth a go via, so possess a look[…]

  177. isla mujeres condo

    […]that may be the end of this report. Here you will discover some web-sites that we consider you’ll value, just click the hyperlinks over[…]

  188. dog probiotic

    […]Every once in a even though we pick out blogs that we study. Listed below are the newest web pages that we pick out […]

  189. we buy dogs

    […]Every after inside a while we choose blogs that we study. Listed beneath would be the most current websites that we choose […]

  193. french bulldog texas

    […]although internet sites we backlink to beneath are considerably not associated to ours, we really feel they may be in fact really worth a go by way of, so possess a look[…]

  195. crypto news

    […]that will be the finish of this post. Right here you’ll obtain some web-sites that we believe you will value, just click the links over[…]

  196. magnolia brazilian jiu jitsu

    […]we prefer to honor a lot of other web web pages on the internet, even though they aren’t linked to us, by linking to them. Underneath are some webpages really worth checking out[…]

  197. mexican candy store

    […]very handful of sites that come about to become comprehensive below, from our point of view are undoubtedly nicely really worth checking out[…]

  204. How To Get My Dog Papers

    […]Wonderful story, reckoned we could combine a couple of unrelated data, nonetheless truly really worth taking a appear, whoa did one particular find out about Mid East has got much more problerms at the same time […]

  209. Dog Registry

    […]check below, are some completely unrelated web sites to ours, however, they’re most trustworthy sources that we use[…]

  210. Dog Papers

    […]although sites we backlink to below are considerably not associated to ours, we feel they may be actually worth a go by, so possess a look[…]

  213. Dog Registry

    […]that would be the end of this write-up. Right here you’ll locate some web-sites that we assume you’ll value, just click the hyperlinks over[…]

  214. Dog Registry

    […]very handful of internet websites that take place to become comprehensive below, from our point of view are undoubtedly effectively worth checking out[…]

  220. playnet app

    […]we like to honor many other world wide web sites on the internet, even if they aren’t linked to us, by linking to them. Beneath are some webpages worth checking out[…]

  222. blue french bulldog price

    […]although websites we backlink to beneath are considerably not connected to ours, we really feel they may be essentially worth a go by means of, so possess a look[…]

Top