CSX Corporation's Q2 Earnings Beat Led By Continued Cost-Cutting Measures And Better Pricing [Forbes]
CSX Corporation (CSX)
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Source: Forbes
Jul 20, 2018, 02:26pm #MarketMoves A CSX freight train passes through Homestead, Pa., Monday, Feb. 12, 2018. (AP Photo/Gene J. Puskar) CSX Corporation (NYSE: CSX) recently posted a better than expected Q2 performance with a mid-single digit revenue growth and 58% jump in EPS, led by continued cost cutting measures. The company’s Intermodal segment saw a 9% jump in revenues driven by both volume and pricing gains. While coal freight pricing was higher, volume declined in low-single digits, as a growth in export coal was offset by the decline in utility coal shipments. The company has revised its full-year 2018 guidance, and it now expects revenues to grow in mid-single digits. As we look forward, we continue to believe that the Intermodal segment will drive the company’s near term growth, along with its continued efforts to bring down its operating ratio. We have created an interactive dashboard ~ A Quick Snapshot
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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