The company’s reported revenue has declined in each of the last four quarters. In the first quarter, revenue fell 2% to $3 billion. Prior to that, the figure declined 2% year-over-year in the fourth quarter, fell 2% in the third quarter and slid 0% in the second quarter.
While being profitable for the last eight quarters, the company has seen net income slip over the past four quarters by an average of 4% year-over-year. The biggest drop came in the most recent quarter, when profit dipped by 10%.
For three consecutive quarters, the company has seen net income decrease. Net income fell 10% in the first quarter. Going back two quarters, profit decreased 3% in the fourth quarter and 2% in the third quarter.
...to bad this squeaky wheel can't get no Oil. CSX can't hide the truth this quarter about earnings and flat is the key word for the rest of the year. you should have seen it coming. time to take off the beer goggles folks... looking for the teens again.
How's that short workiing for ya? Bet you're a Marxist by design that wishes one of the great backbones of industry into the land of no return. And don't give me schiiiittt about the gov supports going on here, because the airlines and the rest of the infrastructure are all sucking off that big ttiitt. But that doesn't let you off the Marxist hook, because the oil barons have created the mess we live in by building highways out of asphalt, an oil crude byproduct with no value until John D. Rockefeller convinced highway departments to build roads out of this garbage. John D. was a consummate capitalist that spawned a whole family of reptillians. If you don't know what I'm referring to, there's no further discussion here, but I think you do.