CSX: Traditional Earnings Beat Doesn't Add Value
CSX beat Q3 EPS estimates while missing revenues yet again.
The company remains on pace for negative trends despite help from lower share counts.
The recent rally in the stock already prices in any potential upside from higher earnings in 2017.
After the close, CSX (NYSE:CSX) reported the traditional earnings beat and revenue miss. The railroad operator has a history of strong operations even despite the multi-year headwinds in the macroeconomic and specifically the energy sector.
Read the full article on Seeking Alpha.
Disclosure: No position. Please review the disclaimer page for more details.