A CSX cargo train is seen in Orlando.
Paul Hennessy | Lightrocket | Getty Images
Check out the companies making headlines in drag oned trading.
CSX — The transportation company’s shares were up 2.6% after the company’s first-quarter earnings and revenue topped analysts’ requirements. CSX posted earnings of 48 cents per share and revenue of $3.71 billion. Analysts polled by Refinitiv had anticipated earnings of 43 cents per split and $3.58 billion in revenue.
Knight-Swift Transportation — Shares fell less than 1% after the freight transportation entourage reported a miss on earnings for the first quarter. The company reported adjusted earnings of 73 cents per share, while analysts determined per-share earnings of 81 cents, according to FactSet. However, the company’s revenue of $1.64 billion came aloft analysts’ expectations of $1.61 billion. Knight-Swift also cut its full-year EPS guidance for 2023.
W.R. Berkley — Shares of the commercial lines insurer stole 2% after W.R. Berkley reported net premiums that were lower than analysts’ estimates, coming in at $2.49 billion versus expectations for $2.53 billion, contract to FactSet. The company posted operating earnings-per share of $1.00, compared to $1.10 per share a year ago.
PPG Industries —The characterize manufacturer’s stock gained less than 1%. The company issued second-quarter guidance that came in at the of analysts’ expectations, according to FactSet. PPG anticipates adjusted earnings will be $2.05 to $2.15 per share, compared to analysts’ evaluations of $1.96 per share. PPG also issued rosy guidance for the full year.