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CSX: 1Q Earnings Snapshot

JACKSONVILLE, Fla. (AP) _ CSX Corp. (CSX) on Tuesday reported first-quarter net income of $834 million.

On a per-share basis, the Jacksonville, Florida-based company said it had profit of $1.02.

The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 91 cents per share.

The freight railroad posted revenue of $3.01 billion in the period, which met Street forecasts.

CSX shares have climbed 22 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed 16 percent. In the final minutes of trading on Tuesday, shares hit $75.80, a rise of 34 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CSX at https://www.zacks.com/ap/CSX