5 Companies That Just Smashed Earnings Estimates

Page 1 of 5

In this article, we discuss 5 companies that just smashed earnings estimates. If you want to see some more companies beating expectations, go directly to 10 Companies That Just Smashed Earnings Estimates.

5. CSX Corporation (NASDAQ:CSX)

Number of Hedge Fund Holders: 72

Shares of CSX Corporation (NASDAQ:CSX) jumped over four percent on Thursday, July 21, 2022, after announcing its financial results for the second quarter above expectations. The provider of rail-based freight transportation services reported earnings of 54 cents per share, compared to 52 cents per share in the year-ago period.

In addition, CSX Corporation (NASDAQ:CSX) posted revenue of $3.82 billion, up 28 percent on a year-over-year basis. The results exceeded the consensus of 47 cents per share for earnings and $3.65 billion for revenue.

Commenting on the quarter, CEO of CSX Corporation (NASDAQ:CSX), James M. Foote, said:

“Though volatile commodity prices and persistent inflation have added uncertainty to the economy, our efforts remain focused on adding the resources needed to deliver improvements in our network performance, lift customer satisfaction and develop new rail service solutions to drive meaningful growth over the long term.”

Page 1 of 5