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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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Sappi's 1Q profit gains 33%

2015-02-11 11:23:14| Paper - Topix.net

Sappi, the world's biggest producer of dissolving wood pulp, said first-quarter profit gained 33 percent as the company benefited from rising paper prices in Europe. Profit was $24-million in the three months through December, compared with $18-million a year earlier, the Johannesburg-based company said in a Wednesday statement.

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Encana Q3 profit jumps with gains from divestitures, operating income rises

2014-11-13 00:45:13| Energy - Topix.net

Encana Corp. had a huge jump in net income in the third quarter, thanks to about $2.4 billion of gains on asset divestitures that were part of its strategic shift to focus more on crude oil and liquids-rich natural gas. Net income was $2.8 billion or $3.79 per share while operating earnings rose to $381 million or 38 cents per share.

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