CSX Corp. (CSX) Offers Q4 Update; Sees EPS Flat-to-Slightly Up
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CSX CFO Updates Fourth Quarter EPS and Volume Expectations
November 30, 2016 9:06 AM ESTJACKSONVILLE, Fla., Nov. 30, 2016 (GLOBE NEWSWIRE) -- CSX Corporation (Nasdaq: CSX) Executive Vice President and Chief Financial Officer Frank Lonegro updated investors and analysts today at the Credit Suisse 4th Annual Industrials Conference regarding the companys expectations for fourth quarter earnings per share and volume.
We now expect fourth-quarter earnings per share on a reported basis to be flat to slightly up, as macroeconomic headwinds impacting the companys volume are moderating, Lonegro said. Â At the same time, a recent operating property sale will now offset the impact of a debt refinancing... More
