79.10 +0.16 (0.20%)
Pre-Market: 4:49AM EDT
|Bid||78.13 x 800|
|Ask||0.00 x 4000|
|Day's Range||78.70 - 80.51|
|52 Week Range||57.97 - 80.51|
|Beta (3Y Monthly)||1.35|
|PE Ratio (TTM)||20.56|
|Earnings Date||Apr 15, 2019 - Apr 22, 2019|
|Forward Dividend & Yield||0.96 (1.28%)|
|1y Target Est||79.05|
CSX leads transports higher after reporting strong earnings. CEO James Foote said the U.S. economy may be slower, but is still solid. CNBC's Morgan Brennan reports.
The rout in health-care shares overshadowed the latest batch of earnings reports, which painted a mixed picture on the state of the economy. Morgan Stanley rose, but a rout in Bank NY Mellon weighed on financial shares lower. Inc. jumped to an all-time high after posting solid results, while CSX Corp. and Kansas City Southern lifted transportation stocks.
CEO Jim Foote spoke to the Business Journal about competitors following in CSX's footsteps, regulators reviewing customer fees and how CSX will continue to improve.
Kansas City Southern Stock Rises on Upbeat Q1 Earnings(Continued from Prior Part)KSU outperformed the broader market Kansas City Southern (KSU) stock has risen ~23.6% YTD (year-to-date), outperforming the broader market as of April 16. The NASDAQ,
The Dow Jones Transportation Average soared 120 points, or 1.1%, in midday trade, as better-than-expected earnings reports helped the transportation sector tracker buck the weakness in the broader stock market. The Dow transports was led higher by earnings reporters, as shares of railroad operator CSX Corp. shot up 4.6%, airline United Continental Holdings Inc. rallied 4.3% and Kansas City Southern hiked up 4.0%, after those companies all reported earnings that beat expectations. The stock price gains were adding a combined 73 points to the Dow transports' price. Meanwhile, the Dow Jones Industrial Average shed 52 points, or 0.2%, the S&P 500 gave up 0.3% and the Nasdaq Composite slipped 0.2%.
Kansas City Southern Stock Rises on Upbeat Q1 EarningsEarnings beat expectations Kansas City Southern (KSU) stock rose 3.4% in premarket trading on April 17 after the company reported better-than-expected results for the first quarter of 2019. The
Railroad company CSX Corporation (NASDAQ: CSX ) beat the Street when it reported frist-quarter earnings Tuesday, but sell-side analysts have mixed opinions on its long-term outlook. CSX reported first-quarter ...
CSX's Q1 Earnings Rose Due to Higher Prices, Lower Costs(Continued from Prior Part)Higher target price Analysts increased CSX’s (CSX) target price after it reported strong first-quarter results on April 16. On April 17, Morgan Stanley (MS) raised
CSX was up 4.72$, or $3.68, at $79.47 in early trading on the New York Stock Exchange after the Jacksonville, Fla.-based freight company said it earned net income of $834 million, or $1.02 a share, in its first quarter, vs. $695 million, or 78 cents a share, in the comparable year-earlier period. The results topped Wall Street expectations.
CSX's Q1 Earnings Rose Due to Higher Prices, Lower CostsEarnings beat expectations CSX (CSX) shares rose more than 4% in the after-hours trading on April 16. The company reported strong first-quarter results. CSX’s revenues and earnings beat
CSX posts better-than-expected results in the first quarter of 2019 on the back of merchandise volume expansion, pricing gains and lower costs.
US Rail Traffic in Week 14: Weakness Persisted for the 11th Week(Continued from Prior Part)Intermodal units CSX’s (CSX) total rail traffic inched up 0.4% YoY (year-over-year) to 123,743 railcars in Week 14 from 123,250 railcars in the same week of
CSX Corp on Tuesday reported a quarterly profit that topped Wall Street's target, after the No. 3 U.S. railroad operator pushed through price increases and contained labor and fuel costs by running fewer, but longer trains. The results, which sent CSX shares up 4.1 percent to $79 in after-hours trading, come amid worries that severe winter weather took a bite out of U.S. transportation company profits at a time when the global economy is cooling. CSX is the largest railroad operator in Chicago, which was gripped by an Arctic "polar vortex" in January.
Netflix (NFLX) and IBM (IBM), along with transportation giants United (UAL) and CSX Corp. (CSX), have all reported Tuesday afternoon.
CSX (CSX) delivered earnings and revenue surprises of 12.09% and 0.21%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?
CSX Corporation (NYSE:CSX) reported strong earnings results late today, bringing in earnings that handily topped what Wall Street projected in its consensus estimate, while revenue was in line with expectations, pushing the company's stock higher after hours.Source: Don O'Brien via FlickrThe Jacksonville, Fla.-based real estate company said it brought in net income of $834 million for its first quarter of 2019, or $1.02 per share. The amount was roughly 31% higher than it was during the year-ago quarter, while also topping the $91 cents per share that Wall Street called for, according to the average estimate of eight analysts polled by Zacks Investment Research.CSX also raked in revenue of $3.01 billion, a 5% increase over the year-ago quarter, while also arriving in line with the Wall Street outlook, per Zacks. The figure improved thanks to higher merchandise volume, as well as broad pricing gains. InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe company added that its expenses were down 2% year-over-year to $1.79 billion, thanks in part to continued efficiency gains. This helped boost CSX's operating income by 17% year-over-year, reaching $1.22 billion."The CSX team of exceptional railroaders continues to execute across all aspects of our business, delivering new all-time high service levels," said CEO James Foote. "These results reflect the strength of our Company's operating model and our commitment to providing a best-in-class service offering to our customers."CSX stock surged about 4.1% after the bell Tuesday as the company's results were stronger than expected for most key financial metrics. Shares had been trading mostly flat during regular hours, gaining a fraction of a percentage by the ring of the bell. More From InvestorPlace * 7 Marijuana Companies: Which Pot Stocks Should You Buy? * 7 AI Stocks to Watch with Strong Long-Term Narratives * 10 Dow Jones Stocks Holding the Blue Chip Index Back Compare Brokers The post CSX Corporation Earnings: CSX Stock Surges on EPS Beat, in-Line Sales appeared first on InvestorPlace.
On a per-share basis, the Jacksonville, Florida-based company said it had profit of $1.02. The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment ...
CSX Corporation (CSX) today announced first quarter 2019 net earnings of $834 million, or $1.02 per share, versus $695 million, or $0.78 per share in the same period last year (an earnings per share increase of 31 percent). CSX’s operating ratio set a company first quarter record of 59.5 percent, significantly improved from 63.7 percent in the prior year. “The CSX team of exceptional railroaders continues to execute across all aspects of our business, delivering new all-time high service levels,” said James M. Foote, president and chief executive officer.