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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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profit
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Johnson & Johnson Profit Dips
2015-07-15 01:48:20| Food - Topix.net
J&J lifted full-year EPS guidance to $6.10-$6.20 a share from $6.04-$6.19. Shares fell 0.5% to 99.76.
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.
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.
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BMW says China remains a vital market even as JV partner warns on profit
2015-07-14 07:12:57| Automakers - Topix.net
BMW Group reiterated its belief that China will remain an important market, even as its Chinese joint-venture partner Brilliance China Automotive warned about a 40 percent decrease in profit in the first half of 2015. Brilliance on Monday said it expected the decrease in profit attributed to equity holders, to be caused mainly by a drop in the results of BMW Brilliance Automotive.
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