UPDATE: CSX Corp. (CSX) Reports In-Line Q1 EPS

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CSX Corporation Announces First Quarter Earnings

April 12, 2016 4:02 PM EDT

Highlights:

Service improvements, significant efficiency and resource alignment savings combined  to help offset the impact of lower volume Continued low commodity prices, strong U.S. dollar and energy market transition will challenge second quarter and full-year 2016 performance         

JACKSONVILLE, Fla., April 12, 2016 (GLOBE NEWSWIRE) -- CSX Corporation (Nasdaq: CSX) today announced first quarter 2016 net earnings of $356 million, or $0.37 per share, down from $442 million, or $0.45 per share, in the same period of last year.

As we managed through the impact of the continued coal... More