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Earnings Preview: Norfolk Southern EPS, Revenue Expected to Rise from Previous Quarter
Thursday, July 21, 2011 - 1:45pm | 605Norfolk Southern (NYSE: NSC) releases its next round of earnings this Tuesday, July 26, 2011. Here's Benzinga's advanced look at Norfolk Southern's second quarter earnings report. Earnings and Revenue: Based on estimates, investors are readying for a positive EPS reading of $1.28 per share and...
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UPDATE: JP Morgan Raises Price Target on CSX from $28.00 to $29.00
Thursday, July 21, 2011 - 9:24am | 133J.P. Morgan has published a report on CSX Corporation (NYSE: CSX) raising the price target on CSX from $28.00 to $29.00. In the report, J.P. Morgan wrote, "CSX's conference call was upbeat in terms of their outlook for both volumes and pricing but their plans to increase headcount and rolling...
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Sterne Agee Adjusts Estimates On CSX
Thursday, July 21, 2011 - 8:28am | 129Sterne Agee is out with a research report on CSX (NYSE: CSX) and it has a Neutral rating and a $26 price target on shares. In a note to clients, Sterne Agee writes, "2Q11 EPS beats by a penny, but it should have been more –incremental continue to decelerate. CSX reported 2Q11 EPS of $0.46, which...
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UPDATE: Union Pacific Reports 10% Surge In Q2 Profit
Thursday, July 21, 2011 - 7:59am | 67Union Pacific Corp (NYSE: UNP) reported a 10% rise in its second-quarter profit. Union Pacific's quarterly profit rose to $785 million, or $1.59 per share, from $711 million, or $1.40 per share, in the year-ago period. Its revenue climbed 16% to $4.86 billion. Analysts were expecting a profit of...
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UPDATE: Dahlman Rose Raises PT on CSX to $31
Thursday, July 21, 2011 - 7:43am | 115Dahlman Rose is out with its report today on CSX (NYSE: CSX), raising its PT from $30 to $31. In a note to clients, Dahlman Rose writes, "We are raising our EPS estimates to reflect better-than-expected 2Q11 results, continued pricing strength, favorable export coal and intermodal outlook, and...
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Deutsche Bank Comments On CSX Q2 EPS
Thursday, July 21, 2011 - 7:04am | 99According to Deutsche Bank, CSX (NYSE: CSX) reported Q2 EPS of $0.46, above its estimate of $0.43 and Consensus of $0.44. Deutsche Bank said that upside was driven by a combination of better-than-expected yields (with revenue/unit up 10% y/y) and margins as the company generated a 69.3% OR, which...
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JP Morgan Raises PT on CSX To $29
Thursday, July 21, 2011 - 6:25am | 26JP Morgan has raised the price target on CSX (NYSE: CSX) from $28 to $29 and maintains its Overweight rating.
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Deutsche Bank Raises PT On CSX To $31
Thursday, July 21, 2011 - 5:45am | 27Deutsche Bank has raised the price target on CSX Corporation (NYSE: CSX) from $30 to $31 and maintains its Buy rating.
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Deutsche Bank Updates 7/21/11
Thursday, July 21, 2011 - 5:35am | 663Deutsche Bank made a number of updates in a research report published today. Tractor Supply Co. (NASDAQ: TSCO) had its rating reiterated at Buy. At the same time, its price target was raised from $70 to $80. Johnson Controls (NYSE: JCI) had its rating reiterated at Hold...
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Earnings Scheduled For July 21
Thursday, July 21, 2011 - 2:30am | 479Advanced Micro Devices Inc (NYSE: AMD) is expected to report its Q2 EPS at $0.08 on revenue of $1.58 billion. Pepsico Inc (NYSE: PEP) is projected to report its Q2 EPS at $1.21 on revenue of $16.41 billion. Eli Lilly and Company (NYSE: LLY) is projected to report its Q2 EPS at $1.17 on revenue...
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Dahlman Rose Maintains CSX Outperform, Raises PT
Wednesday, July 20, 2011 - 2:09pm | 115Dahlman Rose maintained its CSX (NYSE: CSX) Outperform rating and raised its CSX price target to $30 in a research report published today. In the report, Dahlman Rose states, "Management remains confident in achieving a high 60% operating ratio this year, albeit the risk reserves built into its...
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CSX Chugging Right Along
Wednesday, July 20, 2011 - 1:08pm | 594CSX Corp. (NYSE: CSX) reported earnings last night that were exceptionally strong, as the Jacksonville, Fla.-based company showed that they have pricing power in every segment of its business. The company reported second quarter earnings of 46 cents per share on $3.0 billion. Wall Street had been...
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JP Morgan Reports CSX Solid 2Q
Wednesday, July 20, 2011 - 7:52am | 81JP Morgan has issued a report on the solid 2Q results from CSX Corp (NYSE: CSX). According to the report, "On Tuesday night, CSX reported solid 2Q11 EPS which were slightly above Consensus and up 23% y/y. Yield growth was strong (10.1% y/y) and better than our expectation (+7.8%) and CSX also...
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Jefferies Updates on CSX 2Q
Wednesday, July 20, 2011 - 7:45am | 107Jefferies has issued a report updating on CSX Corp.'s (NYSE: CSX) 2Q EPS. According to Jefferies, "CSX reported 2Q EPS of $0.46 vs. consensus/our $0.44. EBIT was inline, with upside from tax rate and non-operating items. Inside that result, the datapoints were a bit mixed. Volumes were light,...
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Benzinga's Top Pre-Market Gainers
Wednesday, July 20, 2011 - 7:06am | 105Apple Inc (NASDAQ: AAPL) shares advanced 5.86% to $398.92 in the pre-market session. AAPL reported upbeat quarterly earnings. CSX Corporation (NYSE: CSX) shares advanced 3.38% to $26.34 in the pre-market session. CSX reported a 22% rise in its Q2 earnings. QUALCOMM Incorporated (NASDAQ: QCOM)...