Eastern Railroad Discussion > CSX Earnings

JACKSONVILLE, Fla., Jan. 16, 2020 (GLOBE NEWSWIRE) -- CSX Corporation (NASDAQ: CSX) today announced fourth quarter 2019 net earnings of $771 million, or $0.99 per share, versus $843 million, or $1.01 per share in the same period last year. CSX’s operating ratio set a company fourth quarter record of 60.0 percent, compared with 60.3 percent in the prior year.For the full year 2019, CSX generated net earnings of $3.33 billion, or $4.17 per share, versus $3.31 billion, or $3.84 per share in 2018, an increase of 1% and 9%, respectively. CSX’s full year 2019 operating ratio of 58.4% represents a new U.S. Class I railroad record, improving upon last year’s record result of 60.3 percent....

https://www.globenewswire.com/news-release/2020/01/16/1971725/0/en/CSX-Announces-Fourth-Quarter-and-Full-Year-2019-Financial-Results.html

See PSR works, you run off nearly $100M in revenue and your operating ratio improves. Such wonderful business logic.

Out 



Edited 1 time(s). Last edit at 01/17/20 17:33 by callum_out.

All the rails were up today except CSX, which was down 34 cents per share.

Jimbo Wrote:
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> All the rails were up today except CSX, which was
> down 34 cents per share.

That was a correction after being up $1.75 yesterday after the earnings call.

Gordon