I find CSX Corp. (NYSE:CSX) stock to be a long-term smart investment right now. CSX will continue to benefit from improving economic conditions, increasing industrial activity, and declining fuel price.
The railroad company emphasized that its solid performance demonstrated its ability to leverage the continued economic momentum. CSX Corporation (NYSE:CSX) said its operating income was $976 million and operating ratio was 69.7% during the quarter.
CSX Corporation CSX, +2.87% today announced record third quarter net earnings of $509 million, or $0.51 per share, up from net earnings of $455 million, or $0.45 per share, in the same period last year.
The tale of CSX's second quarter was its scramble to control the higher-than-expected surge in carloads. Carload volume jumped 14% from the first quarter, which negatively affected the company's network performance: year-over-year on-time arrivals ...
CSX Corp. (NYSE:CSX) is expected to report earnings on Tuesday, October 15th. The whisper number is $0.47, one cent behind the analysts' estimate and showing little confidence from the WhisperNumber community.