CSX Corp. Now Expects More Modest Full-Year Earnings Growth - Quick Facts

(RTTNews) - CSX Corp. (CSX) announced that the severe weather has challenged its operations and volume, with the impact on first-quarter earnings now expected to approach 10 cents per share. The company still expects full-year earnings growth in 2014, though at a more modest rate than previously anticipated.

Long-term, the company expects to continue generating sustainable, profitable growth for investors, and drive efficiency gains of at least $130 million per year.

The company expects to deliver double-digit earnings per share growth on a sustainable basis. CSX noted that it is not clear whether the double-digit earnings per share growth expected in 2015 will be sufficient, in combination with the more modest earnings growth expected in 2014, to produce a compound annual growth rate of 10 to 15 percent off over the two year period.