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Jun 30, 2020
CSX Q2 2020 Earnings Report
CSX's financial performance declined due to lower economic activity driven by the COVID-19 pandemic.
Key Takeaways
CSX Corp. announced second quarter 2020 net earnings of $499 million, or $0.65 per share, versus $870 million, or $1.08 per share in the same period last year. Revenue for the second quarter decreased 26 percent over the prior year to $2.26 billion. Operating income declined 37 percent for the quarter to $828 million compared to $1.31 billion in the same period last year.
Net earnings for the second quarter were $499 million, or $0.65 per share.
Revenue for the second quarter decreased 26 percent year over year to $2.26 billion.
Expenses decreased 19 percent year over year to $1.43 billion.
Operating income declined 37 percent to $828 million.
Forward Guidance
This information and other statements by the company may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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