On July 23, CSX Corp rose 3.95% in after-hours trading, trading at $51.41/share, with turnover of $83.61 million. The rally was driven by the company's second-quarter results that exceeded Wall Street expectations on both the top and bottom lines.

CSX Corp reported Q2 earnings of $0.54 per share, beating the analyst consensus estimate of $0.52 by 3.85%, representing a 22.73% year-over-year increase from $0.44 per share in the same period last year. Revenue came in at $3.94 billion, surpassing the $3.895 billion estimate. The beat extends a trend of outperformance, as Q1 EPS of $0.43 also exceeded the $0.39 consensus by over 10%.

Analysts have been increasingly constructive on CSX ahead of the report. RBC Capital Markets highlighted a meaningful efficiency opportunity under CEO Steve Angel, citing data-driven asset management, truck-to-rail conversions, and the Howard Street Tunnel expansion as growth catalysts. Multiple firms raised price targets in recent months, with consensus ratings at overweight.

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