CSX Earnings: Here’s Why Investors Like These Results
CSX Corp. (NYSE:CSX) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 1.46%.
CSX Corp. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 6.12% to $0.52 in the quarter versus EPS of $0.49 in the year-earlier quarter.
Revenue: Rose 1.89% to $3.07 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: CSX Corp. reported adjusted EPS income of $0.52 per share. By that measure, the company beat the mean analyst estimate of $0.47. It beat the average revenue estimate of $3.02 billion.
Quoting Management: “CSX continues to drive solid growth in many of its markets and is encouraged by the team’s sustained track record of delivering excellent operating performance in a wide range of market conditions,” said Michael J. Ward, chairman, president and chief executive officer. “We remain sharply focused on creating strong, sustained value for customers and shareholders, as the economy appears to be slowly gaining strength.”
Key Stats (on next page)…