(Boursier.com) — CSX , the American railway group, climbed before the stock market on Wall Street the day after its quarterly publication. For the period ended at the end of March, the first fiscal quarter of 2023, the group posted adjusted earnings per share of 48 cents, against 42 cents consensus and 39 cents a year earlier. Revenue came in at $3.71 billion for the quarter ended, 3% better than consensus. A year earlier, they stood at $3.41 billion. Quarterly operating profit was $1.46 billion, up 14% year-on-year. Net profit reached 987 million dollars, against 859 million a year earlier. “CSX has had an encouraging start to the year, with the efforts of our dedicated railroaders resulting in strong earnings growth,” said Joe Hinrichs, CEO. “Our ONE CSX initiatives drive positive engagement among our employees and customers, which improves our service performance and provides us with exciting opportunities to win business and move more freight while maintaining our core commitment to safe operations” .
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