CSX announces US$5B share buyback as profit meets expectations [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 announces US$5B share buyback as profit meets expectations OMAHA, Neb. -- CSX Corp. (CSX.O) delivered a fourth-quarter profit of US$843 million, which was lower than last year when tax reforms were approved but in line with Wall Street expectations. The Jacksonville, Florida-based railroad said Wednesday it earned US$1.01 per share net income in the quarter that ended Dec. 31. That's down from last year's US$4.14 billion, or US$4.62 per share, which was affected by tax reforms and restructuring charges. Without last year's one-time gains, CSX said earned 64 cents per share in fourth quarter 2017. CSX's profits were in line with the US$1.01 earnings per share that analysts surveyed by Zacks Investment Research predicted. CSX is nearly two years into an operational overhaul that began under previous CEO Hunter Harrison, who died in December 2017. His successor, Jim Foote, says there are still many opportunities to reduce expenses and improve operations at CSX. He says those will all
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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