CSX Climbs On Beat-And-Raise Q1, Dividend And Buyback Hike
11:02 am ET April 20, 2017
CSX Corp. ( CSX) is jumping, thanks to an upbeat first-quarter earnings report.
CSX said it earned 51 cents a share on revenue that rose 9.6% to $2.87 billion. Analysts were looking for the
company to earn 43 cents a share on revenue of $2.76 billion. CSX said the strong results reflected volume
growth across most of its market, core pricing gains, increased fuel recovery, and favorable mix.
It boosted its full-year guidance, saying it expects earnings per share growth of 25% to $2.26, compared to
the $2.09 analysts are expecting. CSX also raised its dividend 11% to 20 cents, and announced a $1 billion
buyback plan.
And so we are told this is the golden age
And gold is the reason for the wars we wage U2
