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CSX Stock Climbs Ahead of Third Quarter Earnings Release

NEW YORK (TheStreet) -- Shares of CSX (CSX - Get Report) are up by 2.2% to $29 on Thursday afternoon, ahead of the release of the company's third quarter earnings results, due out next Tuesday afternoon.

The Jacksonville, FL-based freight rail company is expected to report third quarter earnings of 51 cents on revenue of $3 billion.

Earnings expectations for the period are in line with the 51 cents per share the company reported for the year ago period, while revenue is slightly below the $3.2 billion CSX generated last year.

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Additionally, the company declared a quarterly dividend of 18 cents per share today that is payable on December 15 to shareholders of record as of November 30.

Separately, TheStreet Ratings team rates CSX CORP as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about...


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