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CSX Chugs Higher After Posting Strong First-Quarter Earnings

M. Corey Goldman

CSX was up 4.72$, or $3.68, at $79.47 in early trading on the New York Stock Exchange after the Jacksonville, Fla.-based freight company said it earned net income of $834 million, or $1.02 a share, in its first quarter, vs. $695 million, or 78 cents a share, in the comparable year-earlier period. The results topped Wall Street expectations.