May 1, 2020
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JACKSONVILLE, Fla. (AP) _ CSX Corp. (CSX) on Tuesday reported second-quarter profit of $870 million.The Jacksonville, Florida-based company said it had profit of $1.08 per share.The results missed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.11 per share.The freight railroad posted revenue of $3.06 billion in the period, which also missed Street forecasts. Five analysts surveyed by Zacks expected $3.14 billion.CSX shares have risen 28% since the beginning of the year, while the Standard & Poor’s 500 index has risen 20%. In the final minutes of trading on Tuesday, shares hit $79.34, a climb of 24% in the last 12 months._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CSX at https://www.zacks.com/ap/CSXThe Associated Press

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