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Industrials

CSX profit falls as coal, automotive declines weigh on results

LOS ANGELES, April 22 (Reuters) - CSX Corp reported lower quarterly profit on Wednesday after revenue declines from coal, automotive and other sectors weighed on results.

Net income was $770 million, or $1.00 per share, for the first quarter, compared with $834 million, or $1.02 per share, a year earlier.

Revenue for the first quarter fell 5% to $2.86 billion. (Reporting by Lisa Baertlein in Los Angeles Editing by Chris Reese)

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