October 16, 2018 / 8:15 PM / a month ago

Railroad operator CSX's quarterly profit tops Wall St target

Oct 16 (Reuters) - CSX Corp on Tuesday reported quarterly profit that topped Wall Street's view, as the No. 3 U.S. railroad operator benefited from ongoing cost-cutting, broad-based volume growth and higher prices for moving freight.

Third-quarter net income was $894 million, or $1.05 per share, topping the average estimate of 94 cents, according to Refinitiv data. In the same period last year, CSX earned $459 million, or 51 cents per share.

Reporting by Lisa Baertlein in Los Angeles; Editing by Jeffrey Benkoe

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