CSX (CSX) Revenue — Quarter Ended Jun 30, 2023
Revenue for the quarter decreased compared to the immediately preceding quarter and the same quarter one year earlier. The decline reflects a reversal from the growth trend observed in recent prior quarters.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue for the quarter decreased compared to the immediately preceding quarter and the same quarter one year earlier. The decline reflects a reversal from the growth trend observed in recent prior quarters.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.7B
Revenue reported for this quarter.
Quarter-over-quarter
-0.2%
Change from the immediately preceding quarter.
Year-over-year
-3.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$15B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Sep 30, 2022 | $3.9B | +18.3% |
| Dec 31, 2022 | $3.7B | +8.8% |
| Mar 31, 2023 | $3.7B | +8.6% |
| Jun 30, 2023 | $3.7B | -3.0% |
Revenue performance
Reported revenue was lower than the previous quarter and fell compared to the same period last year. The decrease marks a shift from the positive sequential momentum seen in earlier quarters.
Quarterly comparison
Compared to the immediately preceding quarter, revenue declined. Compared to the same quarter one year ago, revenue was also lower, contrasting with the increases seen in each of the three prior quarters.
What to watch
The revenue decline against both the prior quarter and the year-ago quarter warrants attention, particularly as it breaks the pattern of sequential gains.