CSX Corp. (NASDAQ:CSX)
Historical Stock Chart
1 Month : From Mar 2019 to Apr 2019
By Michael Dabaie
CSX Corp. (CSX) shares were trading up 5% to $79.92 Wednesday morning.
The transportation company on Tuesday said first-quarter earnings per share were $1.02, up from 78 cents a year earlier. FactSet consensus was for 91 cents. Revenue was up 5% to $3.01 billion, driven by merchandise volume growth and broad-based pricing gains, the company said. FactSet consensus was $3 billion.
CSX said its operating ratio set a first-quarter record of 59.5%, improved from 63.7% in the prior year.
Credit Suisse raised its price target on CSX to $93 a share from $88 and maintained the company at Outperform.
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(END) Dow Jones Newswires
April 17, 2019 11:08 ET (15:08 GMT)
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