CSX Corp. delivered a 72 percent jump in its second-quarter profit as the railroad continues to cut its expenses and improve operations. The Jacksonville, Florida-based company said Tuesday that it earned $877 million, or $1.01 per share in the quarter.
CSX 2Q profit jumps as railroad keeps cutting expense Source: AP
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CSX 2Q profit jumps as railroad keeps cutting expense
In this Feb. 12, 2018, file photo, a CSX freight train passes through Homestead, Pa. CSX railroad will give investors another update on its efforts to cut costs and improve efficiency when it releases its quarterly earnings report on Tuesday, July 17, 2018.
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CSX profit tops Wall St target on expense controls, shares rise
CSX Corp on Tuesday posted a second-quarter profit that topped Wall Street's target after the No. 3 U.S. railroad operator continued to benefit from its drive to slash expenses and boost efficiency.
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CSX tracks higher after earnings
CSX looks set to run to a new high as investors and analysts size up the company's Q2 report. Loop Capital upgrades CSX to a Buy rating after taking in the better-than-expected earnings report and guidance update.
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UBS Group Analysts Give CSX (CSX) a $82.00 Price Target
The firm currently has a "buy" rating on the transportation company's stock. UBS Group's price target would suggest a potential upside of 27.25% from the company's previous close.
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Oakbrook Investments LLC Lowers Stake in CSX Co.
Oakbrook Investments LLC cut its position in shares of CSX Co. by 2.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission.
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CSX Rises on Earnings, Revenue Beat
CSX Corp. shares jumped in extended trading on Tuesday, July 17, after the rail-based transportation services company beat earnings and revenue estimates and topped its operating ratio target. The Jacksonville, Fla.-based company reported second-quarter net earnings of $877 million, or $1.01 per share, which beat analysts' expectations of 87 cents per share.
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CSX announces Q2 2018 financial results
JACKSONVILLE, Fla. - CSX Corporation today announced second quarter 2018 net earnings of $877 million, or $1.01 per share, versus $510 million, or $0.55 per share in the same period last year.
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Us Stocks-S&P 500 climbs to over 5-month high on strong earnings
The S&P 500 rose to its highest in more than five months and the Dow climbed for a fifth session on Wednesday as solid earnings boosted financial and industrial stocks and reinforced expectations for a strong second-quarter reporting season. Upbeat earnings from railroad CSX Corp and airline United Continental helped lift the S&P 500 industrials index, which gained 1.1 percent and was among the day's best-performing sectors.
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Onondaga County might seek control of DeWitt 'inland port'
Onondaga County officials will consider seeking control of the long-awaited "inland port'' at a DeWitt rail yard, under a proposal from Onondaga County Legislature Chairman Ryan McMahon. McMahon, who appoints members of the Onondaga County Industrial Development Agency, has asked the IDA to take "a lead role'' in establishing the port now that New York state has provided funding .
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Meag Munich Ergo Kapitalanlagegesellschaft MBH Sells 2,666 Shares of CSX Co.
Meag Munich Ergo Kapitalanlagegesellschaft MBH decreased its holdings in shares of CSX Co. by 4.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission.
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CSX (CSX) Given a $72.00 Price Target at Scotiabank
The firm currently has a "hold" rating on the transportation company's stock. Scotiabank's price target indicates a potential upside of 4.12% from the stock's previous close.
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Pwmco LLC Invests $765,000 in CSX Co. (CSX) Stock
Pwmco LLC purchased a new stake in shares of CSX Co. in the second quarter, HoldingsChannel.com reports.
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CSX Corporation's Q2 Earnings Beat Led By Continued Cost-Cutting Measures And Better Pricing
CSX Corporation 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.
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CSX Co. (CSX) Shares Bought by Creative Planning
Creative Planning increased its holdings in shares of CSX Co. by 6.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission.
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Huntington National Bank Sells 3,115 Shares of CSX Co.
Huntington National Bank decreased its stake in CSX Co. by 3.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission.
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Pendal Group Ltd Sells 50,729 Shares of CSX Co.
Pendal Group Ltd lowered its position in shares of CSX Co. by 43.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission.
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CSX Co. (CSX) Position Lifted by Xact Kapitalforvaltning AB
Xact Kapitalforvaltning AB lifted its stake in CSX Co. by 2.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission .
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CSX (CSX) Receives "$69.00" Rating from Cowen
Cowen currently has a $74.00 target price on the transportation company's stock. A number of other research analysts have also weighed in on CSX.
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The Basch Report: Analyst says CSX is outperforming rival
A year ago, the headlines around CSX Corp. concerned unhappy customers, as the Jacksonville-based railroad experienced service disruptions while implementing its new operating plan. Fortunately for CSX , railroads have a near monopoly in the markets they serve for transporting freight, so customers have few choices.
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