CSX Corp. (CSX) Tops Q1 EPS by 12c

CSX Corp. (NASDAQ: CSX) reported Q1 EPS of $0.78, $0.12 better than the analyst estimate of $0.66. Revenue for the quarter came in at $2.88 billion versus the consensus estimate of $2.8 billion.

“CSX employees did a great job of running the railroad and executing the scheduled railroading model during challenging weather conditions,” said James M. Foote, president and chief executive officer. “We’re more confident in our ability to deliver safe, reliable, best-in-class service for our customers and enhanced value for our shareholders.”

“Since implementation of scheduled railroading began in March 2017, CSX has taken significant strides to transform the organization and to make CSX more competitive,” said Foote. “Our company’s operating model provides substantial opportunities to leverage our service product offering, capture growth and deliver superior financial returns.”

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

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