CSX Climbs On Beat-And-Raise Q1, Dividend And Buyback Hike

CSX Corp. (CSX) is jumping, thanks to an upbeat first-quarter earnings report.

CSX said it earned 51 cents a share on revenue that rose 9.6% to $2.87 billion. Analysts were looking for the company to earn 43 cents a share on revenue of $2.76 billion. CSX said the strong results reflected volume growth across most of its market, core pricing gains, increased fuel recovery, and favorable mix.

Source: Barrons

Leave a Reply

Your email address will not be published.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>