October 16, 2019 / 8:11 PM / a month ago

CSX profit falls 4% on lower coal, intermodal volumes

Oct 16 (Reuters) - CSX Corp reported a 4.3% drop in quarterly profit on Wednesday, hit by lower volumes of shipment in U.S. railroad’s coal and intermodal units.

Net income was $856 million, or $1.08 per share, in the third quarter ended Sept. 30, compared with $894 million, or $1.05 per share, a year earlier.

Revenue fell 4.8% to $2.98 billion. (Reporting by Sanjana Shivdas in Bengaluru; Editing by Shinjini Ganguli)

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