CSX railroad posts higher 1Q profit - WOWK 13 Charleston, Huntington WV News, Weather, Sports

CSX railroad posts higher 1Q profit

Posted: Updated:
  • BusinessBusinessMore>>

  • Autism training to expand from Huntington to Athens, WV

    Autism training to expand from Huntington to Athens, WV

    Wednesday, November 16 2016 9:45 AM EST2016-11-16 14:45:47 GMT

    The West Virginia Autism Training Center is expanding its reach in the state. WV ATC, located at Marshall University in Huntington, has partnered with Concord University to develop on-campus support in Athens for students who are diagnosed with an autism spectrum disorder.

    The West Virginia Autism Training Center is expanding its reach in the state. WV ATC, located at Marshall University in Huntington, has partnered with Concord University to develop on-campus support in Athens for students who are diagnosed with an autism spectrum disorder.

  • AT&T offering computer science grants

    AT&T offering computer science grants

    Monday, November 14 2016 5:08 PM EST2016-11-14 22:08:54 GMT

    Executives with ATTInternetService are offering computer sciences grants to university professors and secondary school teachers to upgrade technology in their classrooms.

    Executives with ATTInternetService are offering computer sciences grants to university professors and secondary school teachers to upgrade technology in their classrooms.

  • WV child advocacy, domestic violence groups get help from Verizon

    WV child advocacy, domestic violence groups get help from Verizon

    Thursday, October 27 2016 5:01 PM EDT2016-10-27 21:01:17 GMT

    The West Virginia Child Advocacy Network and West Virginia Coalition Against Domestic Violence are getting help from Verizon's HopeLine program to help those affected by domestic violence and child abuse.

    The West Virginia Child Advocacy Network and West Virginia Coalition Against Domestic Violence are getting help from Verizon's HopeLine program to help those affected by domestic violence and child abuse.

JACKSONVILLE, Fla. (AP) — CSX Corp. says its first-quarter profit chugged ahead 2 percent as a decline in coal revenue was offset by rate increases for other shipments.

The Jacksonville, Fla.-based railroad reported $459 million net income, or 45 cents per share, on $2.96 billion in revenue. That beat Wall Street's expectations and topped last year's $449 million profit, or 43 cents per share.

Analysts surveyed by FactSet expected earnings of 40 cents per share on revenue of $2.92 billion.

CSX predicts its earnings will be relatively flat in 2013 but should grow 10 to 15 percent in 2014 and 2015.

CSX plans to boost its quarterly dividend by a penny to 15 cents per share in June, and the railroad's board approved spending $1 billion to repurchase CSX stock.

 

Copyright 2013 The Associated Press

Powered by Frankly