CSX Corporation (CSX) Earnings Beat Analyst Estimates

CSX Corporation (NYSE:CSX) released its earnings report for the first quarter of 2014 on Tuesday afternoon after the market closed on Wall Street. The company showed earnings of 40 cents per share for the opening months of the year on revenue totalling $3.01 billion. On today's market the company's stock trended downward to finish the day at $28.29. the firm also announced a dividend increase of 7% bringing the quarterly return to 16 cents.

In anticipation of the release of this afternoon's report, analysts following CSX Corporation (NYSE:CSX) were looking for revenue of $2.98 billion from the first quarter report. The...