CSX Profit Beats Reduced Analyst Estimates on Lower Costs

April 14, 2015 9:25 PM

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CSX Profit Beats Reduced Analyst Estimates on Lower Costs

CSX Corp., the largest railroad in the eastern U.S., posted first-quarter profit that beat reduced analysts’ estimates, announced a new $2 billion stock repurchase plan and raised the dividend.

The shares rose in late trading after earnings of 45 cents a share were 1 cent higher than the average of 26 analyst estimates compiled by Bloomberg. Lower fuel costs helped results, CSX said in a statement Tuesday.

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