(Source: Reuters, April 22, 2020)
LOS ANGELES — U.S. railroad operator CSX Corp. on Wednesday withdrew its financial forecasts and said it was evaluating future spending as business shutdowns triggered by the COVID-19 pandemic weigh on the U.S. economy. First-quarter net income declined almost 9% to $770 million, or $1.00 per share. Analysts expected a 94-cent per-share profit for the quarter. Revenue for the first quarter fell 5% to $2.86 billion.
Full story: Reuters