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CSX Corp. (CSX) Closed Challenging The Highs After Q1 Earnings Beat

CSX Corp. (CSX) reported first quarter EPS of $0.51 after the bell Wednesday, up from $0.37 in the previous year. Street expectations were for EPS of $0.43.

The CSX Board has also approved an increase in the quarterly dividend to $0.20.

CSX gapped open sharply higher Thursday, but traded in a range for the bulk of the session. The stock finished up by 2.63 at $49.56 on above average volume. CSX closed challenging the highs of the year, trading at a 6-week high.

by RTTNews Staff Writer

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