Why CSX (CSX) Shares Are Trading Lower Today

What Happened?

Shares of freight rail services provider CSX (NASDAQ:CSX) fell 5.6% in the morning session after the company reported underwhelming third-quarter earnings results. Its EPS missed, and its revenue fell short of Wall Street's estimates. Notably, the top line was negatively impacted by declining coal prices, lower fuel surcharge, and a reduction in other revenue. Overall, this quarter could have been better.

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What The Market Is Telling Us

CSX’s shares are not very volatile and have had no moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business.

CSX is down 4.2% since the beginning of the year, and at $33.12 per share, it is trading 13.7% below its 52-week high of $38.38 from March 2024. Investors who bought $1,000 worth of CSX’s shares 5 years ago would now be looking at an investment worth $1,423.

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