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CSX Beats Earnings Estimates; Revenue Disappoints

Jacksonville, Florida’s CSX Corp. (NASDAQ: CSX - $57.77) announced fourth quarter 2017 adjusted earnings of $573 million or $0.64 per share vs. Street estimates of $0.56/share and last year’s $0.49. Revenue for the period, however, decreased 6% compared to the previous year, to $2.86 billion primarily due to the $178 million impact of an extra fiscal week in 2016… Continue reading CSX Beats Earnings Estimates; Revenue Disappoints

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Chase Beats Earnings Estimates; Guidance Improves

JPMorgan Chase & Co. (NYSE: JPM - $111.27) recorded adjusted earnings for the fourth quarter of $1.76 a share compared to $1.71 in the year-earlier period and seven cents better than analysts’ estimates.  For all of 2017, reported results came in at $6.98 per share, compared to 2016’s $6.19. Revenues rose 5% in the fourth… Continue reading Chase Beats Earnings Estimates; Guidance Improves

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Delta Air Posts Strong Results

Atlanta-based Delta Air Lines (NYSE: DAL - $57.70) profit and sales beat expectations with net income for the quarter of $572 million. Excluding non-recurring items, adjusted earnings per share came to $0.96, above the Street consensus of $0.88 and last year's $0.32. Total operating revenue rose 8.3% to $10.25 billion, also beating estimates of $10.13 billion, amid a 7%… Continue reading Delta Air Posts Strong Results