— CSX Corporation (NASDAQ: CSX) reported its fourth-quarter 2019 earnings of $0.99 per share versus $0.97 per share expected.
— Revenue fell by 8% to $2.89 billion versus $2.92 billion expected. This was due to lower volumes and negative mix from coal market headwinds.
— Expenses decreased by 9% year-over-year to $1.73 billion, driven by continued efficiency gains and volume-related savings.
— Domestic coal volume declined by 14% due to lower shipments of utility coal as a result of continued competition from natural gas.
— Export coal fell by 20% due to lower international shipments of both thermal and metallurgical coal as global benchmark prices declined.
— The operating performance continued to improve in the fourth quarter, with train velocity increasing 12% and car dwell decreasing 9%, both to all-time record levels.
— Looking ahead into the full year 2020, the company expects revenue to be flat to down 2%. The company expects an operating ratio of 59%.
— Capital expenditures are anticipated to be in the range of $1.6 billion to $1.7 billion for the full year. The company continues to return capital to shareholders in 2020.
Broadcom (NASDAQ: AVGO) reported non-GAAP EPS of $5.14 for the second quarter of 2020 on revenue of $5.74 billion. While the earnings came in line with the analysts' estimates, revenue
Video conferencing platforms and other workplace collaboration tools have become more popular nowadays. With most people confined to their homes, apps that allow us to stay in touch have become
Cloudera (NYSE: CLDR) once again proved its mettle by reporting impressive results for the April-quarter that was mostly marred by the market-turmoil spurred by the virus attack. Though the tech