17.07.2019 20:40:00

Why CSX Stock Dropped 10% Today

Shares of railroad operator CSX Corporation (NASDAQ: CSX) are down 9.8% as of 2:12 p.m. EDT after the company reported second-quarter 2019 earnings results last night that fell short of expectations.Analysts had forecast that CSX would earn $1.10 per share on sales of $3.14 billion. Instead, CSX earned $1.08 per share in its fiscal Q2 on sales of $3.06 billion.Image source: Getty Images.Continue reading
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