UBS Remains Sidelined on CSX Corp. (CSX) Following 2Q Call - PT to $31

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Go back to UBS Remains Sidelined on CSX Corp. (CSX) Following 2Q Call - PT to $31

CSX Corporation Announces Second Quarter Earnings

July 13, 2016 2:57 PM EDT

Highlights:

Delivered earnings per share of $0.47 and an operating ratio of 68.9 percent Strong U.S. dollar, low commodity prices and energy market transition continue to challenge financial performance and are expected to impact full-year earnings

JACKSONVILLE, Fla., July 13, 2016 (GLOBE NEWSWIRE) -- CSX Corporation (Nasdaq: CSX) today announced second quarter 2016 net earnings of $445 million, or $0.47 per share, down from $553 million, or $0.56 per share, in the same period of last year.

CSX continued to drive strong customer service and network efficiency in a challenging market, which is... More

CSX Corporation Declares Quarterly Dividend

July 13, 2016 2:09 PM EDT

JACKSONVILLE, Fla., July 13, 2016 (GLOBE NEWSWIRE) -- Today, the Board of Directors of CSX Corporation (Nasdaq: CSX) approved an $0.18 per share quarterly dividend on the company's common stock. The dividend is payable on September 15, 2016, to shareholders of record at the close of business on August 31, 2016.

About CSX and its Disclosures

CSX, based in Jacksonville, Florida, is a premier transportation... More