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CSX Corp Earnings Decline In Q2

CSX Corp (CSX) revealed a profit for second quarter that dropped from last year.

The company's bottom line came in at $499 million, or $0.65 per share. This compares with $870 million, or $1.08 per share, in last year's second quarter.

Analysts had expected the company to earn $0.64 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 26.1% to $2.26 billion from $3.06 billion last year.

CSX Corp earnings at a glance:

-Earnings (Q2): $499 Mln. vs. $870 Mln. last year.
-EPS (Q2): $0.65 vs. $1.08 last year.
-Analysts Estimate: $0.64
-Revenue (Q2): $2.26 Bln vs. $3.06 Bln last year.

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