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CSX Q3 Earnings: Profit Drops 22% but Investors Bet on New CEO’s Strategy

CSX Q3 Earnings: Profit Drops 22% but Investors Bet on New CEO’s Strategy

Author:

Global Cryptocurrency

Published:

2025-10-17 11:13:02

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BTCCSquare news:

CSX Corporation's third-quarter earnings revealed a 22% decline in profit to $694 million, with adjusted EPS of $0.44 narrowly surpassing expectations. Revenue dipped 1% year-over-year to $3.59 billion, buoyed by a 4% rise in intermodal traffic that offset an 11% slump in coal revenue. Shares gained over 2% in pre-market trading as investors signaled confidence in CEO Steve Angel's focus on operational performance and potential strategic deals.

The railroad operator's merchandise volumes weakened, but pricing strength in key categories and intermodal growth provided a silver lining. Market reaction suggests Optimism about CSX's ability to navigate coal sector headwinds while capitalizing on logistics demand.

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