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Sep 30, 2020
CSX Q3 2020 Earnings Report
CSX Announced Third Quarter 2020 Financial Results and Authorized Additional Share Buyback
Key Takeaways
CSX Corp. reported net earnings of $736 million, or $0.96 per share, for the third quarter of 2020, compared to $856 million, or $1.08 per share, in the same period last year. Revenue for the third quarter decreased 11 percent year over year to $2.65 billion.
Net earnings for Q3 2020 were $736 million, or $0.96 per share.
Q3 2020 operating ratio of 56.9 percent remained in line with the prior year’s record results.
Revenue for Q3 decreased 11 percent year over year to $2.65 billion.
The Board authorized a new share repurchase program, providing $5 billion of incremental authority.
CSX
CSX
Forward Guidance
The company did not provide specific forward guidance in this report.