U.S. stocks move丨CSX Transportation rises over 4% pre-market on better-than-expected earnings, may open at a record high

Glonway July 23rd｜U.S. railroad operator CSX Transportation (CSX.US) rose more than 4% in pre-market trading and is set to hit a new all-time high at market open. In the news, CSX Transportation reported second-quarter earnings per share of $0.54, beating analysts’ consensus estimate of $0.52 by 3.85%. This performance represents a year-on-year increase of 22.73%, compared to $0.44 per share in the same period last year. The company achieved quarterly revenue of $3.94 billion, exceeding analysts’ consensus estimate of $3.895 billion by 1.15%. Compared to $3.574 billion in the same period last year, this revenue marks a year-on-year increase of 10.24%.