CSX Profit Rises

(RTTNews) - Railroad operator CSX Corp (CSX) on Tuesday reported second-quarter net earnings of $553 million or $0.56 per share compared with $529 million or $0.53 per share last year.

Revenues for the quarter declined 6 percent to $3.06 billion from $3.24 billion in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.53 per share on revenues of $3.12 billion for the quarter. Analysts' estimates typically exclude special items.

Expenses for the quarter were lower by 9 percent at $2.05 billion.

CSX said it expects to deliver mid-to-high single digit earnings per share growth for 2015, although the upper end of that range has become more challenging given the current energy environment.