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CSX says railroad won't deliver double-digit profit growth this year because coal demand weak
2015-04-15 17:56:54| Railroads - Topix.net
CSX now says that the railroad won't deliver the double-digit profit growth it promised this year because coal demand remains weak. Executives remain optimistic about the railroad's prospects because service is improving, but they said Wednesday, a day after posting first-quarter earnings, that mid-to-high single-digit profit growth is likely in 2015.
Tags: year
growth
demand
profit
CSX cuts forecast for the year after slower-than-expected 1Q
2015-04-15 17:56:53| Railroads - Topix.net
CSX now says that the railroad won't deliver the double-digit profit growth it promised this year because coal demand remains weak. Executives remain optimistic about the railroad's prospects because service is improving, but they said Wednesday, a day after posting first-quarter earnings, that mid-to-high single-digit profit growth is likely in 2015.
CSX Stock Climbs in After-Hours Trading Following Earnings Release, Dividend Hike
2015-04-15 02:12:32| Railroads - Topix.net
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Tags: stock
release
trading
earnings
CSX posts better-than-expected profit, boosts dividend
2015-04-15 02:12:31| Railroads - Topix.net
The news, which followed a warning Monday from fellow rail company Norfolk Southern Corp., lifted CSX shares 2.4% in after-hours trading. The Jacksonville, Fla.-based CSX said it benefited from growth across many of its markets and the improved pricing environment, which was partially offset by the impacts of lower natural gas prices, lower fuel recoveries and the strong U.S. dollar.
Tags: posts
profit
dividend
boosts
CSX Set a New High in November, then Derailed. Next Stop -- Earnings
2015-04-14 20:14:48| Railroads - Topix.net
NEW YORK -- The Dow Jones Transportation Average gained 24% in 2014, but it's down 4.7% so far in 2015, and shares of one component, railroad company CSX Corp , have slid by 8.7% year-to-date. CSX hit its all-time intraday high of $37.99 on Nov. 26, 2014, and its technical setup has the stock below its 200-day simple moving average with a negative weekly chart.
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