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Stock impact report

CSX Corp. To See Steady Growth In The Near Term Led By Volume And Pricing Gains [Forbes]

CSX Corporation (CSX) 
Last csx corporation earnings: 4/22 04:02 pm Check Earnings Report
Company Research Source: Forbes
A CSX freight train passes through Homestead, Pa. (AP Photo/Gene J. Puskar) CSX Corporation (NYSE: CSX) recently posted a better than expected Q3 performance with a 14% top line growth and over 100% surge in the earnings, led by continued cost cutting measures, along with better pricing across its segments. The company’s three segments, Intermodal, Coal, and Merchandise all saw double digit growth. Looking forward, we expect this trend to continue in Q4 as well. Coal will likely benefit from the continued growth in export shipments, while Intermodal continues to benefit from capacity constraints in the trucking industry. Merchandise will likely see steady growth in construction related commodities, given an expected uptick in the construction, along with agriculture & food products, which should benefit from higher exports. The company has also revised its full-year 2018 guidance, and it now expects revenues to grow in mid-to-high single digits. We have create Show less Read more
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