CSX Corp
CSX: XNAS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$64.00 | Qzd | Wfrprmcn |
CSX Earnings: Lots of Cross Currents in the Quarter, but Second-Half Margin Outlook Favorable
Eastern Class I railroad CSX's second-quarter revenue came in roughly flat year over year, as merchandise and international-intermodal volume growth offset a falloff in coal shipments and lower benchmark coal pricing, which pressured yield (revenue per carload). Revenue came in modestly below our anticipated run rate due to worse-than-expected coal yields. That said, merchandise carload core pricing remains favorable and second-half revenue and volume guidance is tracking in line to slightly better than our expectations.