(Reuters) -CSX reported third-quarter profit and revenue above Wall Street estimates on Thursday, driven by improving intermodal volumes and higher pricing in merchandise, sending shares of the railroad operator up 3%.
On an adjusted basis, it reported per-share profit of 44 cents, above analysts’ average estimate of 42 cents apiece, according to data compiled by LSEG.
The company reported revenue of $3.59 billion in the quarter ended September 30, decreasing 1% year-over-year, but slightly above analysts’ average estimate of $3.58 billion.
(Reporting by Anshuman Tripathy in Bengaluru; Editing by Pooja Desai)
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