A CSX freight train is seen in Orlando.
Paul Hennessy | Light Rocket | Getty Images
Check out the companies making headlines in extended trading.
CSX — Shares of the transportation company rose 2.6% after the company’s first-quarter earnings and revenue beat analysts’ expectations. CSX posted earnings of 48 cents a share on revenue of $3.71 billion. Analysts polled by Refinitiv had expected earnings of 43 cents a share on revenue of $3.58 billion.
Knight-Swift Transportation – Shares fell less than 1% after the freight transportation company reported a shortfall in first-quarter earnings. The company reported adjusted earnings of 73 cents per share, according to FactSet, while analysts estimated earnings per share at 81 cents. However, the company’s revenue of $1.64 billion beat analysts’ expectations of $1.61 billion. Knight-Swift also lowered its full-year EPS guidance for 2023.
WR Berkley — Shares of the commercial insurance insurer slipped 2% after WR Berkley reported net premiums that were lower than analysts’ estimates and came in at $2.49 billion versus expectations of $2.53 billion, according to FactSet -Dollar. The company generated operating earnings per share of $1.00, compared to $1.10 per share a year ago.
PPG Industries — The paint maker’s stock is up less than 1%. According to FactSet, the company issued guidance for the second quarter that beat analysts’ expectations. PPG is expecting adjusted earnings per share to be in the range of $2.05 to $2.15, compared to analyst estimates of $1.96 per share. PPG also issued a rosy full-year guidance.