CSX Reports Lower-Than-Expected Q3 Earnings Amid Operational Challenges

Despite an 8% profit increase, CSX's earnings fell short of analyst expectations due to weaker coal demand and recent hurricane impacts.

CSX posted a quarterly profit of 46 cents per share, missing the 48 cents per share anticipated by analysts.
The company's revenue rose slightly by 1% to $3.62 billion, falling short of the expected $3.68 billion.
Operational disruptions from Hurricanes Helene and Milton necessitated re-routing and repairs, impacting CSX's network in the Southeast.
Coal shipments were lower due to a consumer shift towards natural gas and challenges in the steel and industrial sectors.
CSX managed a 3% increase in total shipment volume and improved its operating margin to 37.4%.