CSX Corp. (CSX) Tops Q2 EPS by 20c, Beats on Revenues
CSX Corp. (NASDAQ: CSX) reported Q2 EPS of $1.07, $0.20 better than the analyst estimate of $0.87. Revenue for the quarter came in at $3.1 billion versus the consensus estimate of $3 billion.
“I could not be more proud of our hardworking CSX employees for achieving these record-setting results,” said James M. Foote, president and chief executive officer. “I expect continued improvement in our safety, service and financial performance.”
Revenue for the second quarter increased 6 percent over the prior year to $3.10 billion, while expenses declined 8 percent year over year or 2 percent when excluding prior year restructuring charges. Operating income for the quarter increased 34 percent to $1.28 billion when compared to $957 million in the same period last year or 20 percent when compared to the adjusted operating income of $1.07 billion reported in the second quarter of 2017.
“While we remain in the early stages of the transformation I am more confident this exceptional team can deliver on our longer term outlook,” said Foote.
For earnings history and earnings-related data on CSX Corp. (CSX) click here.