CSX Earnings, Revenue Rise in Third Quarter
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astern freight rail line CSX Corp. late Tuesday reported third-quarter earnings of $328 million or 71 cents a share, compared with $164 million or 36 cents in the previous year.
Earnings in the third quarter include a 17 cent per-share benefit from Hurricane Katrina insurance recoveries and the resolution of certain income tax matters. Excluding these items, earnings were 54 cents per share.Revenue rose to $2.4 billion from $2.1 billion in 2005.
astern freight rail line CSX Corp. late Tuesday reported third-quarter earnings of $328 million or 71 cents a share, compared with $164 million or 36 cents in the previous year.
Earnings in the third quarter include a 17 cent per-share benefit from Hurricane Katrina insurance recoveries and the resolution of certain income tax matters. Excluding these items, earnings were 54 cents per share.Revenue rose to $2.4 billion from $2.1 billion in 2005.
