We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
CSX Corporation (CSX - Free Report) announced financial results for the second quarter of fiscal 2016, posting earnings of $0.47 per share and net sales of $2.7 billion (revenue figure per Seeking Alpha).
Currently, CSX has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.
CSX Corporation:
1. Beat earnings estimates: The company posted $0.47 per share, surpassing our Zacks Consensus Estimate of $0.44. The company’s EPS figure excludes $0.03 from non-recurring items.
2. Just misses revenue estimates: The company saw revenue figures of $2.7 billion, narrowly narrowly our estimate of $2.714 billion.
3. The logistics services company’s quarterly net earnings of $445 million are down from $553 million in the same period of last year, which is a decline of roughly 19.5%
4. “CSX continued to drive strong customer service and network efficiency in a challenging market, which is expected to persist throughout this year,” said Michael J. Ward, chairman and chief executive officer of the company. “In this environment, the company continues to right-size resources while making strategic investments to transform the company and capitalize on market opportunities to drive long-term value creation.”
5. Shares of CSX are up 4.63% as of 3:28 PM ET in light of this news, and may be subject to more fluctuation during after-hours trading.
Here’s a graph of CSX Corporation’s price and EPS Surprise:
CSX Corporation's unique combination of rail, container-shipping, intermodal and logistics services provides global reach that's second to none. The company's goal, advanced at each of its business units, is to provide efficient, competitive transportation and related services for customers.
Check back later for our full analysis on CSX Corporation's 2016 second quarter earnings report!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
CSX Corporation (CSX) Q2 2016 Earnings: Stocks Rise After Beating Earnings
CSX Corporation (CSX - Free Report) announced financial results for the second quarter of fiscal 2016, posting earnings of $0.47 per share and net sales of $2.7 billion (revenue figure per Seeking Alpha).
Currently, CSX has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.
CSX Corporation:
1. Beat earnings estimates: The company posted $0.47 per share, surpassing our Zacks Consensus Estimate of $0.44. The company’s EPS figure excludes $0.03 from non-recurring items.
2. Just misses revenue estimates: The company saw revenue figures of $2.7 billion, narrowly narrowly our estimate of $2.714 billion.
3. The logistics services company’s quarterly net earnings of $445 million are down from $553 million in the same period of last year, which is a decline of roughly 19.5%
4. “CSX continued to drive strong customer service and network efficiency in a challenging market, which is expected to persist throughout this year,” said Michael J. Ward, chairman and chief executive officer of the company. “In this environment, the company continues to right-size resources while making strategic investments to transform the company and capitalize on market opportunities to drive long-term value creation.”
5. Shares of CSX are up 4.63% as of 3:28 PM ET in light of this news, and may be subject to more fluctuation during after-hours trading.
Here’s a graph of CSX Corporation’s price and EPS Surprise:
CSX CORP Price and EPS Surprise
CSX CORP Price and EPS Surprise | CSX CORP Quote
CSX Corporation's unique combination of rail, container-shipping, intermodal and logistics services provides global reach that's second to none. The company's goal, advanced at each of its business units, is to provide efficient, competitive transportation and related services for customers.
Check back later for our full analysis on CSX Corporation's 2016 second quarter earnings report!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>