New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 27, 2014
06:52 EDTCSXCSX downgraded to Neutral from Overweight at Atlantic Equities
Atlantic Equities downgraded CSX due to valuation and reduced earnings forecasts.
News For CSX From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
May 19, 2015
07:11 EDTCSXWolfe Research to hold a conference
Subscribe for More Information
May 15, 2015
06:44 EDTCSXEnvironmentalists file lawsuit over oil train safety rules, NY Times says
Subscribe for More Information
May 14, 2015
10:20 EDTCSXCSX sees Q2 EPS growth flat to slightly up vs. last year, consensus 55c
Subscribe for More Information
10:19 EDTCSXCSX CFO says Q2 volume tracking 'slightly below' expected levels
Subscribe for More Information
10:19 EDTCSXCSX continues to see EPS growth in mid to high single digit range
CSX CFO Fredrik Eliasson discussed the company's performance and second quarter volume and earnings projections at the Bank of America Merrill Lynch 2015 Transportation Conference in Boston. Eliasson highlighted CSX's financial performance over the past decade, during which the company delivered a compound annual growth rate in EPS of 20% despite the loss of nearly $900M in coal revenue over the last few years. Eliasson outlined the company's view of second quarter volume, which is tracking slightly below expected levels due to very strong comparisons to last year. However, thanks to improving service levels and asset utilization, the company still expects second quarter EPS growth that is flat to slightly up compared to last year.For the full year, CSX continues to expect EPS growth in the mid-to-high single digit range, as well as meaningful margin expansion as the company makes progress toward a mid-60s operating ratio. Earnings growth this year will be driven predominantly by accelerating pricing performance and productivity gains approaching $200M as the company cycles strong volume comparisons and additional headwinds coal.
09:19 EDTCSXKansas City Southern drops after withdrawing 2015 revenue, volume guidance
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use