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Tuesday, October 17, 2006

CSX 3Q Profit Surges

CSX Corp. said Tuesday its third-quarter profit doubled, aided by stronger volumes and pricing, as well as insurance recoveries related to Hurricane Katrina.

CSX earned 54 cents per share in the quarter, above the 51 cents Wall Street estimated.

Revenue balloned to $2.42 billion from $2.13 billion in the year-ago period, also above analysts' expectations of $2.37 billion.

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