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Stock Market & Financial Investment News

News Breaks
January 14, 2013
05:48 EDTNSCNorfolk Southern upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank upgraded Norfolk Southern citing valuation and muted export coal expectations. The firm raised its price target for shares to $78 from $66.
News For NSC From The Last 14 Days
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July 27, 2015
08:04 EDTNSCNorfolk Southern reports Q2 EPS $1.41, consensus $1.42
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July 24, 2015
11:53 EDTNSCNorfolk Southern technical notes ahead of earnings
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July 16, 2015
10:00 EDTNSCOn The Fly: Analyst Downgrade Summary
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05:42 EDTNSCNorfolk Southern downgraded to Equal Weight from Overweight at Barclays
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July 15, 2015
08:19 EDTNSCCSX quarter likely to be 'least bad' one in rail space, says Stephens
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July 14, 2015
17:21 EDTNSCRailroad operators advance after CSX reports Q2 results
Shares of railroad operators are advancing after CSX (CSX) reported second quarter earnings per share after the close. WHAT'S NEW: CSX reported Q2 earnings per share of 56c, ahead of analysts' average expectations of 53c. Revenue declined 6% to $3.06B, below analysts' consensus estimates of $3.12B. The company explained that pricing gains were more than offset by the impact of lower fuel recovery, a 1% volume decline and changing business mix. The railroad operator saw a 5% increase in intermodal volumes compared to Q2 of 2014. Looking ahead the company sees 2015 EPS growth in the mid to high single digits. "While we saw challenges in a number of markets, CSX employees delivered an even safer, more reliable and more differentiated service product this quarter," said Michael J. Ward, chairman and CEO. "We expect the momentum in network performance we saw in the second quarter to accelerate, continuing to create value for our customers and shareholders." In a CNBC interview, CSX CFO Fredrik J. Eliasson said he anticipates a decline in crude-by-rail volumes for the remainder of the year. PRICE ACTION: Shares of CSX are up 3.24% in after-hours trading. Railroad operator peers are also advancing, with Norfolk Southern Corporation, Union Pacific Corporation (UNP), and Canadian National Railway Company (CNI) all rising in the after-hours.

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