CSX posts 6% Q4 revenue drop as shipments fall [Business News Network (BNN) Energy & Resources (Canada)]
CSX Corporation (CSX)
Last csx corporation earnings: 4/22 04:02 pm
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Source: Business News Network
CSX posts 6% Q4 revenue drop as shipments fall CSX Corp reported lower-than-expected revenue for the fourth quarter due to a drop in shipments, but beat Wall Street's earnings targets on better prices and cost controls, capping a tumultuous year for the third-largest U.S. railroad operator. Hunter Harrison, CSX's former chief executive and a veteran railroader cherished by investors for leading turnarounds of Canadian railroads, died in December, just eight months into his restructuring campaign at CSX. Investors have been searching for clarity on how new CEO Jim Foote will handle Harrison's turnaround plan that includes deep job cuts and rail yard closures and triggered persistent service disruptions, customer complaints and federal scrutiny. "CSX's performance continued to strengthen in the fourth quarter, building upon the scheduled railroading model that was instituted by Hunter Harrison," Foote said in a statement. The company's stock, which hit a record high in regular trading,
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CSX
News
- CSX: Volume Trending In The Right Direction [Seeking Alpha]Seeking Alpha
- CSX Q1 Earnings & Revenues Surpass Estimates, Down Y/Y [Yahoo! Finance]Yahoo! Finance
- CSX Co. (NASDAQ: CSX) had its price target lowered by analysts at UBS Group AG from $46.00 to $44.00. They now have a "buy" rating on the stock.MarketBeat
- CSX Co. (NASDAQ: CSX) had its price target lowered by analysts at Royal Bank of Canada from $37.00 to $36.00. They now have a "sector perform" rating on the stock.MarketBeat
- CSX Corporation Stock Chugs Along, Great For Trading, Sideways Investment The Last Few Years [Seeking Alpha]Seeking Alpha
CSX
Earnings
- 4/17/24 - Beat
CSX
Sec Filings
- 4/18/24 - Form 10-Q
- 4/17/24 - Form 8-K
- 4/2/24 - Form 4
- CSX's page on the SEC website