Stock Market Earnings Report CSX

Date: 1/24/2011

CSX CSX beats by $0.04, beats on revs (67.69 +0.06)Reports Q4 (Dec) earnings of $1.14 per share, $0.04 better than the Thomson Reuters consensus of $1.10; revenues rose 21.4% year/year to $2.82 bln vs the $2.67 bln consensus.

Co says it saw growth across nearly all the markets it serves. CSX expects to produce record financial results, including a high-60's operating ratio in 2011. This progress is consistent with the company's previously announced goal of achieving a 65% operating ratio no later than 2015.

In addition, the company plans to invest $2 bln in its business during 2011, with approximately two-thirds of that investment in the company's infrastructure and rolling stock, and the remaining split between strategic and regulatory investments.

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