3 Key Takeaways From CSX Corporation's First-Quarter Earnings [The Motley Fool]
CSX Corporation (CSX)
Last csx corporation earnings: 4/22 04:02 pm
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Source: The Motley Fool
We discuss a positive leap in operating efficiency in the first quarter and two other significant points shareholders shouldn't miss. CSX Corporation ( NASDAQ:CSX ) surprised investors with extremely healthy results on its release of first-quarter 2018 earnings Tuesday after the markets closed. While lower volumes compressed the company's top line, leading to essentially flat revenue of $2.9 billion, net income soared 92%, to $695 million, due to cost-cutting and the fruit-of-productivity initiatives. Shares responded in kind, as CSX stock gained nearly 8% in Wednesday's trading session. Below, we'll review three key takeaways for investors derived from the impressive report and management's accompanying earnings conference call . Image source: Getty Images. Operational efficiency is climbing CSX improved its operating ratio tremendously in the first quarter of 2018. This ratio, found by dividing total operating expenses by revenue, is used extensively in
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CSX
News
- CSX Announces 2024 Customer Environmental Excellence Award WinnersGlobeNewswire
- CSX Corporation (NASDAQ:CSX) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- 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
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