* 1st quarter EPS 43 cents vs 35 cents year ago
* Revenue $3 billion vs Wall St view $2.92 billion
* Shares up 2.5 pct in after-hours trading
April 17 (Reuters) – CSX Corp reported higher
quarterly profit with increased merchandise and intermodal
shipments more than offsetting weakness in the coal segment,
sending its shares up 2.5 percent in after-hours trading.
Jacksonville, Florida-based CSX said on Tuesday that net
income rose to $449 million, or 43 cents per share, in the first
quarter from $395 million, or 35 cents per share a year before.
Quarterly operating revenue rose to nearly $3 billion,
slightly above the average forecast of $2.92 billion, according
to Thomson Reuters I/B/E/S.
The second-largest publicly-held U.S. railroad operator said
in March it expected record net earnings for any first quarter
in its history as merchandise and intermodal business growth
more than offset steeper-than-expected coal shipments.
