— 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.
Adobe Systems Incorporated (NASDAQ: ADBE) reported second quarter 2021 earnings results today. Total revenue grew 23% year-over-year to $3.84 billion. GAAP net income was $1.11 billion, or $2.32 per share,
Shares of Delta Air Lines Inc. (NYSE: DAL) have gained 45% over the past 12 months and 11% since the beginning of this year. After a particularly distressful period, like
The Kroger Co. (NYSE: KR) reported first-quarter 2021 earnings results today. Total company sales were $41.3 billion compared to $41.5 billion in the same period last year. Excluding fuel, sales