By Yasin Ebrahim
Investing.com -- CSX reported Thursday first-quarter results that beat analysts' forecasts, driven by "solid" climb in volume growth and higher prices.
CSX Corporation (NASDAQ:CSX) shares fell 1% in after-hours trade following the report.
CSX announced earnings per share of $0.48 on revenue of $3.71 billion. Analysts polled by Investing.com anticipated EPS of $0.43 on revenue of $3.59B.
Revenue for the first quarter rose 9% over the prior year, underpinned by "solid volume growth in merchandise and coal, higher fuel surcharge, and pricing gains," the company said.