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Stock Market & Financial Investment News

News Breaks
November 6, 2013
14:06 EDTCSXCSX backs view of FY13 EPS growth slightly up from last year
FY13 EPS consensus $1.83. CSX CFO Fredrik Eliasson, at the Baird Industrials Conference, reiterated expectations for 2013 earnings per share growth that will be slightly up from last year despite continued headwinds in both the export and domestic coal markets. The company expects merchandise and intermodal businesses to continue growing at a rate above the general economy, Eliasson noted. Intermodal, a key driver of growth, now represents 40% of overall volume and is expected to increase further, the CFO added.
News For CSX From The Last 14 Days
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July 2, 2015
11:35 EDTCSXCSX says Tennessee derailment affecting shipments
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June 30, 2015
08:09 EDTCSXRail estimates need to come down further, says Citi
Citi analyst Christian Wetherbee noted that consensus estimates in the rail sector for Q2 EPS have fallen an average of 8% since the firm moved below consensus last month, but believes the numbers have to come down further. Wetherbee cut his Q2 estimates by another 5%, lowered Q3 by 4% and cut his forecast for 2016 EPS by 3% and lowered price targets on stocks in the space by 6% on average. Wetherbee added that he believes Union Pacific (UNP) and Norfolk Southern (NSC) have the highest the pre-announcement risk in the group and lowered his targets on those stocks, as well as for Canadian National (CNI), Canadian Pacific (CP), CSX (CSC) and Kansas City Southern (KSU).
June 29, 2015
13:47 EDTCSXSupreme court ruling could shift thermal coal sentiment, says Morgan Stanley
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June 24, 2015
07:33 EDTCSXHouse Transportation & Infrastructure Committee to hold a hearing
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June 19, 2015
11:19 EDTCSXLouisville & Indiana Railroad and CSX close joint infrastructure upgrade project
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