CSX announces its Q3 earnings results

Yahoo Finance's Ines Ferré takes a look at the rail operator as it reports earnings.

Video Transcript

ADAM SHAPIRO: And we have another earnings alert for you. This one is CSX. Ines Ferre, what are they telling us?

INES FERRE: A beat on the top and the bottom line, Adam, with the company reporting $0.43 a share of earnings, while reporting also $3.9 billion of revenue for the third quarter. The Street was expecting revenue to come in at $3.07 billion.

Also saying that revenue for the third quarter increased 24%, driven by growth across all business lines. Operating income improved 26% to $1.44 billion for the quarter. The company using overflow container yards for supply chain issues and also is maintaining its prior outlook for revenue growth. We're watching the stock up in after hours. Adam, Seana.

ADAM SHAPIRO: Ines, thank you, and one of the things they're saying, too, is that their operating ratio, 56.4% compared to 56.9% in the same quarter last year, that's something that the railroad stock purchasers always pay attention to.