CSX Q2 EPS $0.52 (incl. $0.12 Va. property sale benefit); revenue up 33% to $2.99B

CSX CORP

2021-Q2 EPS reported $0.82 revenue$5,803,000,000

Net earnings $1,173M ($0.52 EPS) vs $499M ($0.22) a year ago; operating ratio improved to 43.4% from 63.3%.
Sale of property rights to Commonwealth of Virginia added $349M to operating income, $0.12 to EPS and 11.7 ppt to operating ratio.
Revenue grew 33% YoY to $2.99B, driven by growth across all lines; expenses fell 9% to $1.30B.
Operating income improved to $1.69B for the quarter; CEO James Foote thanked railroaders for customer focus amid economic rebound.

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