UPDATE 2-Railroad operator CSX's quarterly profit tops Wall Street target [Reuters]
CSX Corporation (CSX)
Last csx corporation earnings: 4/22 04:02 pm
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Source: Reuters
Railroad operator CSX's quarterly profit tops Wall Street target | Reuters 3 Min Read (Reuters) - CSX Corp ( CSX.O ) on Tuesday reported quarterly profit that topped Wall Street’s view and raised its full-year revenue forecast, as the No. 3 U.S. railroad operator benefited from ongoing cost-cutting and higher prices for moving freight. Shares in CSX, which forecast 2018 revenue growth of 6 percent to 8 percent, largely due to unexpected strength in exports of coal, were up 1.7 percent at $73.40 in extended trading. Wall Street was watching for signs that looming threats, such as tariff-driven trade disruptions and rising fuel costs, are hitting the sector’s profitability. Third-quarter net income at CSX almost doubled to $894 million, or $1.05 per share, topping the average estimate of 94 cents, according to Refinitiv data. Interruptions from Hurricane Florence, which included the loss of five miles of track due to flooding and revenue losses due to transit disruptions, reduced earn
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CSX
News
- CSX profit drops 10% despite railroad delivering 3% more freight in first quarter [Yahoo! Finance]Yahoo! Finance
- CSX Corp. Announces First Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
- CSX Corp. Announces First Quarter 2024 ResultsGlobeNewswire
- Don't Miss These 5 Earnings Charts [Yahoo! Finance]Yahoo! Finance
- CSX Unveils Its First Hydrogen-Powered Locomotive in Collaboration with CPKCGlobeNewswire
CSX
Earnings
- 4/17/24 - Beat
CSX
Sec Filings
- 4/17/24 - Form 8-K
- 4/2/24 - Form 4
- 3/25/24 - Form ARS
- CSX's page on the SEC website