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Jacksonville, Florida-based CSX Corporation (CSX) operates as one of the leading transportation companies in North America, providing rail-based freight transportation services in the U.S. and Canada. With a market cap of $63.4 billion, CSX operates through rail and trucking segments.
The transportation giant is set to announce its third-quarter results after the market closes on Thursday, Oct. 16. Ahead of the event, analysts expect CSX to deliver a profit of $0.44 per share, down 4.4% from $0.46 per share reported in the year-ago quarter. The company has a mixed earnings surprise history. While it has surpassed the Street’s bottom-line estimates once over the past four quarters, it has missed the projections on three other occasions.