Railroads Flourish Despite Lower Coal Shipments
The Paragon Report Provides Stock Research on CSX and Norfolk Southern
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 05/14/12 -- The Railroads Industry has flourished despite facing a significant drop in coal shipments. The S&P's Supercomposite Railroads Index has seen a 29 percent increase since September 2011, outperforming the S&P 500 Index's 21 percent gain. The Paragon Report examines investing opportunities in the Railroads Industry and provides equity research on CSX Corporation (NYSE: CSX) and Norfolk Southern Corp. (NYSE: NSC).
Access to full reports can be found at:
"North American Class 1 Railroads reported a healthy 28.5% growth in earnings per share in (the first quarter) compared to the same period last year," BMO Capital Markets said in a recent report. "All the railroads exceeded consensus estimates by a healthy margin largely due to greater-than-expected productivity gains, robust pricing and less-than-feared decline in coal revenues."
The recent resurgence in U.S. auto sales has also provided a boost for railroad companies. Data from the Association of American Railroads shows shipments of vehicles and auto parts in the last week of March totaled 17,283 carloads, the highest total in nearly 4 years.
Paragon Report releases regular market updates on the Railroads Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at and get exclusive access to our numerous stock reports and industry newsletters.
CSX Corporation last month announced first quarter net earnings of $449 million, or $0.43 per share, versus $395 million, or $0.35 per share, in the same period last year. This represents a 23 percent year-over-year improvement in earnings per share. Revenue in the quarter improved 6 percent from the prior year to nearly $3 billion, driven by increased volume, pricing gains and fuel recovery.
For the first quarter of 2012, Norfolk Southern Corporation reported net income of $410 million, 26 percent higher than the $325 million for the first quarter of 2011. "I am pleased to report another record-breaking quarter for Norfolk Southern during which we achieved first-quarter highs in revenues, operating income, net income, and earnings per share," said CEO Wick Moorman. "The benefits of our steady focus on service and operating efficiency are reflected in our results, and we continue to position our franchise for sustained growth through strategic investments in infrastructure."
Paragon Report provides Market Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. The Paragon Report has not been compensated by any of the above-mentioned companies. We act as independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at:
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 14.05.2012 - 06:20 Uhr
Sprache: Deutsch
News-ID 1113862
Anzahl Zeichen: 0
contact information:
Contact person:
Town:
NEW YORK, NY
Phone:
Kategorie:
Investment Services & Trading
Anmerkungen:
Diese Pressemitteilung wurde bisher 78 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Railroads Flourish Despite Lower Coal Shipments
"
steht unter der journalistisch-redaktionellen Verantwortung von
Paragon Financial Limited (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
