LOS ANGELES (Reuters) -U.S. railroad operator CSX Corp on Tuesday reported lower than expected quarterly profit after frigid polar vortex temperatures, ongoing pandemic disruptions and higher fuel costs weighed on results.
The Jacksonville, Florida-based company, which operates in the eastern United States, had first-quarter net earnings of $706 million, or 93 cents per share, down from $770 million, or $1.00 per share, a year earlier.
Results from the latest quarter missed Wall Street’s average estimate by 2 cents per share, according to Refinitiv IBES data.
Revenue fell 1% to $2.81 billion.
Shares in CSX fell 1.2% to $97.30 in extended trading.
(Reporting by Lisa Baertlein in Los AngelesEditing by Chris Reese and Sonya Hepinstall)
