CSX Corp Q3 income drops in line with estimates

(RTTNews) - CSX Corp (CSX) released a profit for third quarter that decreased from last year in line with the Street estimates.

The company's earnings came in at $0.85 billion, or $0.42 per share. This compares with $1.11 billion, or $0.52 per share, in last year's third quarter.

Analysts on average had expected the company to earn $0.42 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 8.2% to $3.57 billion from $3.89 billion last year.

CSX Corp earnings at a glance (GAAP) :

-Earnings (Q3): $0.85 Bln. vs. $1.11 Bln. last year. -EPS (Q3): $0.42 vs. $0.52 last year. -Analyst Estimates: $0.42 -Revenue (Q3): $3.57 Bln vs. $3.89 Bln last year.