CSX Corp. Q3 Profit Beats Estimates - Quick Facts

(RTTNews) - CSX Corp. (CSX) reported third-quarter net earnings of $463 million, or $0.46 per share, up from $455 million, or $0.44 per share, in the same period last year. The company said its performance was supported by strong operating results and higher revenues that included benefits from customer contract settlements.

On average, 24 analysts polled by Thomson Reuters expected the company to report profit per share of $0.43 for the quarter. Analysts' estimates typically exclude special items.

Revenues were $3 billion, compared to $2.89 billion last year. The company said the higher revenues resulted from higher volume and pricing gains in merchandise and intermodal which offset continued declines in coal revenue. Analysts expected revenue of $2.95 billion for the quarter.

CSX now expects its full-year 2013 earnings per share to be slightly up from 2012 levels. The company said it remains on target to achieve its goal of sustaining a high-60s operating ratio by 2015, while remaining focused on attaining a mid-60s operating ratio longer-term.