CSX Shares Rally 3% On Quarterly Earnings Increase

CSX Corp. shares rallied in Tuesday's after-hours trading after the railroad operator reported its quarterly earnings rose from a year ago. CSX said its third-quarter profit increased to $509 million, 51 cents a share, from $455 million, 45 cents a share, a year earlier. Revenue grew 8% to $3.2 billion. Analysts surveyed by FactSet had forecast adjusted earnings of 48 cents a share. CSX shares climbed 3% in late trade.