CSX Earnings: Profit Rises On Fuel Price Decline

CSX's stock shot up 4% during after hours trading as investors reacted positively to the marginal earnings per share beat and the likelihood of Norfolk Southern's weak earnings expectations not being an industry-wide phenomenon. The market was skeptical about the performance of the railroad industry after Norfolk Southern announced that it expected a decline in its earnings. However, CSX's positive results indicated that the weakness may be confined to Norfolk Southern.