Categories AlphaGraphs, Earnings, Industrials

Earnings: CSX Crop. Q1 2023 profit rises on higher revenues

CSX Corp. (NASDAQ: CSX), a rail-based freight transportation company, on Thursday reported higher revenues and net profit for the first quarter of 2023.

CSX Corp. Q1 2023 earnings infographic

The company reported revenue of $3.71 billion for the first quarter, up 9% year-over-year. Reflecting the positive top-line performance, net earnings rose to $987 million or $0.48 per share from $859 million, or $0.39 per share, in the first quarter of 2022.

“Our ONE CSX initiatives are driving positive engagement among our employees and customers, which is lifting our service performance and providing us with exciting opportunities to win business and move more freight while maintaining our fundamental commitment to safe operations,” said Joe Hinrichs, the company’s chief executive officer.

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

Most Popular

Infographic: Amazon (AMZN) Q4 2024 earnings beat estimates; sales rise 10%

E-commerce giant Amazon.com Inc. (NASDAQ: AMZN) on Thursday reported higher sales and profit for the fourth quarter of 2024. Earnings also beat analysts' estimates. Net sales increased to $187.8 billion

Philip Morris (PM) delivers strong performance in 4Q24 helped by smoke-free strength

Shares of Philip Morris International Inc. (NYSE: PM) jumped 10% on Thursday after the company delivered better-than-expected earnings results for the fourth quarter of 2024 and provided an encouraging outlook

Highlights of Bristol-Myers Squibb’s Q4 2024 earnings report

Biotechnology company Bristol Myers Squibb (NYSE: BMY) reported lower profit for the fourth quarter of 2024, despite an increase in revenue. Net income attributable to shareholders was $72 million or

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top