UPDATE 1-CSX profit tops Wall St target on expense controls, shares rise [Reuters]
CSX Corporation (CSX)
Last csx corporation earnings: 4/22 04:02 pm
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Source: Reuters
CSX profit tops Wall St. target on expense controls, shares rise | Reuters Reuters Staff 2 Min Read (Reuters) - CSX Corp ( CSX.O ) on Tuesday posted quarterly profit that topped Wall Street’s target after the No. 3 U.S. railroad operator continued to benefit from its drive to cut costs and boost efficiency. CSX shares jumped 3.2 percent to $66.49 in extended trading after the company also raised its 2018 revenue forecast, citing strength in its coal business. Second-quarter net income rose to $877 million, or $1.01 per share, from $510 million, or 55 cents per share, in the year-ago period that included a $115 million restructuring expense. Analysts, on average, had expected earnings of 87 cents in the latest quarter, according to Thomson Reuters I/B/E/S. Jacksonville, Florida-based CSX spent 36 percent more on fuel in the latest quarter, but costs fell due to job cuts and other expense controls. Revenue for the second quarter grew 6 percent over the prior year to $3.1 billion. Tota
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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