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CSX profit rises, stock gains

2015-07-15 02:09:32| Railroads - Topix.net

CSX Corp. said Tuesday that profit rose 4.5% during its latest quarter, though falling coal volume weighed on revenue, which retreated 5.5% and came in below analysts' estimates. Low fuel costs helped the rail company slash expenses to $2.04 billion from $2.24 billion during the same period a year ago.

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CSX 2Q profit improves 5 percent as fuel costs stay low

2015-07-15 00:07:57| Railroads - Topix.net

CSX Corp.'s second-quarter profit improved 5 percent on lower costs, even though the number of shipments the railroad delivered declined slightly. Shares rose as earnings beat analyst expectations, even though revenue dropped 6 percent to $3.06 billion, a steeper decline than Wall Street had expected.

Tags: low stay costs percent

 
 

CSX Beats Profit Forecast on Cheaper Fuel, Productivity

2015-07-15 00:07:56| Railroads - Topix.net

No. 3 U.S. railroad CSX Corp on Tuesday reported a higher quarterly net profit, beating forecasts as productivity gains and lower fuel prices offset a drop in coal volumes that took a bite out of revenue. CSX shares jumped more than 3 percent in after-market trading, as the company also largely maintained its earnings outlook for the year despite the hit to its coal business.

Tags: profit fuel productivity forecast

 

CSX Stock Rising After Mixed Earnings

2015-07-15 00:07:55| Railroads - Topix.net

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Tags: stock mixed rising earnings

 

CSX likely to have fared better than most in Q2, although rail industry battered

2015-07-14 21:58:11| Railroads - Topix.net

CSX Corp. won't be exempt from the hard hit the Class 1 railroads took this second quarter, according to analysts, although it will likely fair better than most. Buoyed by a rapid increase in operational efficiency , the railroad will likely stave off 2 percent drop in volumes it said it expected during a mid-quarter update.

Tags: industry rail q2 battered

 

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