Earnings Reports

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Railway giant $CSX delivered better than expected Q4 earnings and posted a $3.6 billion gain from the new tax laws. Other railway companies Canadian Pacific $CP and Kansas City Southern $KSU report later in the week.

CSX Railway 

Reaction: CSX Corporation NASDAQ $CSX After Hours $58.62 +0.49 +0.95%


Net earnings of $4.1 billion, or $4.62 per share on revenue of $2.86 billion. Excluding items, fourth quarter 2017 adjusted net earnings were $573 million, or $0.64 per share versus $458 million, or $0.49 per share in the same period last year. The release beat expected EPS of 56 cents but was still under expected revenue to $2.88 billion.


  • Q4 net earnings included a $3.6B tax reform benefit resulting from the new tax laws
  • $10M net restructuring charge.
  • Operating ratio of 60.9% for the quarter after expenses fell 14% Y /Y.

This report was the first report after CSX named James Foote as the new president and CEO in December following the death of former chief and legendary railroader Hunter Harrison.

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