(Source: Associated Press, October 12, 2016)
JACKSONVILLE, Fla. — CSX earned $455 million, or 48 cents per share, for the three months ended Sept. 23, down 10 percent from $507 million, or 52 cents per share, a year ago. The Jacksonville, Florida-based freight railroad operator on Wednesday reported better-than-expected net income in the third quarter. CSX posted revenue of $2.71 billion in the period, down 8 percent year over year but exceeding Street forecasts.
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