CSX Corp. (CSX) Tops Q2 EPS by 1c, Reaffirms Guidance and Increases Capital Investments

CSX Corp. (NYSE: CSX) reported Q2 EPS of $0.53, $0.01 better than the analyst estimate of $0.52. Revenue for the quarter came in at $3.2 billion versus the consensus estimate of $3.23 billion.

In addition to the positive economic environment, secular growth trends in the intermodal and oil and gas markets are contributing to CSX's expectation for modest full-year earnings growth in 2014. As it capitalizes on these growth opportunities and continues to invest in its service product, the company remains confident in its ability to sustain double-digit earnings growth and margin expansion for its shareholders beginning in 2015. The company also expects to sustain a mid-60s operating ratio longer-term.

These expectations are the foundation for the increase in this year's capital investment of approximately $100 million. The increase further enhances key infrastructure and adds freight cars to help drive long-term growth.

For earnings history and earnings-related data on CSX Corp. (CSX) click here.

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