CSX (NASDAQ:CSX) Reaches New 12-Month High on Better-Than-Expected Earnings

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CSX (NASDAQ:CSX) reached a new 52-week high after reporting Q1 GAAP EPS of $0.43, exceeding estimates, driven by margin expansion and increased operating and net income. The company reported quarterly revenue of $3.48 billion, a 1.7% year-over-year increase, and raised its sales outlook due to shippers shifting to rail. CSX also increased its quarterly dividend to $0.14 per share, and analysts maintain a “Moderate Buy” rating with an average price target of $42.20.

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