Just a quick blurb for the day per Railway Age, “CSX Corp., as expected, reported a first-quarter profit decline, down 30% from the first quarter of 2008. Revenue fell 17% to $2.25 billion. But CSX still beat Wall Street consensus estimates, logging earnings of $246 million, or 62 cents per share, for the quarter; analysts anticipated 51 cents per share on revenue of $2.26 billion.“
They say its a decline of 30%, but that still means they made a nice profit. Not huge mind you, but still a notable and WELL EARNED profit. Hats off to CSX.