CSX Corp
CSX: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$96.00 | Wdf | Rhwknfxb |
CSX Earnings: Soft Retail End Markets and Wage Inflation Persist but Outlook Stable
Eastern Class I railroad CSX’s third-quarter revenue declined 8% year over year on persistent intermodal weakness, easing accessorial income, unfavorable mix, and lower fuel surcharges. Revenue missed our forecast slightly on greater-than-anticipated intermodal volume declines. We note that core carload pricing remains positive.