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CSX Stock Gains in After-Hours Trading on Earnings Results

NEW YORK (TheStreet) -- Shares of CSX (CSX - Get Report) are higher by 1.41% to $28.10 in after-hours trading on Tuesday, after the company reported financial results for the 2015 third quarter after the market close.

The railroad operator reported record earnings of 52 cents per share for the most recent quarter, up from 51 cents per share for the year ago period.

The company's net revenue declined 9% to $2.94 billion, from $3.2 billion for the 2014 third quarter. The revenue decrease was driven by lower fuel recovery and a transition in the company's business mix, according to a statement.

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