Based in Jacksonville, FL, CSX Corporation CSX is one of the leading transportation suppliers in the United States.The company has a decent track record with respect to earnings, having outpaced the Zacks Consensus Estimate in three of the last four quarters. The average earnings beat is 8.4%.Zacks Rank: Currently, CSX has a Zacks Rank #4 (Sell) but that could change following the company’s earnings report which was just released.You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. We have highlighted some of the key stats from this just-revealed announcement below:Earnings: CSX’s earnings of 51 cents per share were in line with the Zacks Consensus Estimate. Earnings improved 6.3% from the year ago figure due to reduced expenses.CSX Corporation Price and EPS Surprise CSX Corporation Price and EPS Surprise | CSX Corporation Quote Revenue: Operating revenues came in at $2,743 million, short of the Zacks Consensus Estimate of $2,769.4 million. Revenues improved 1% from the year-ago figure due to pricing gains.Key Stats to Note: Operating ratio (operating expenses as a percentage of revenues) improved 90 basis points to 68.1% on a reported basis. The company is implementing the Precision Scheduled Railroading strategy to improve efficiencies. Driven by improved efficiencies, CSX expects the bottom line to expand between 20% and 25% in 2017 on a year-over-year basis. Operating ratio in the high end of mid-60s is expected in 2017. The company expects free cash flow before dividends (excluding restructuring costs) of around $1.5 billion in 2017.Stock Price: The revenue miss disappointed investors. Consequently, shares of the company were down in pre-market trading at the time of writing.Check back later for our full write up on this CSX earnings report later! Looking for Stocks with Skyrocketing Upside?Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.See the pot trades we're targeting>>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CSX Corporation (CSX): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research