CSX Sees Q4 EPS Growth Similar To Q3 Level; Backs FY15 View

(RTTNews) - Railroad operator CSX Corp (CSX) said Wednesday that it expects fourth quarter earnings per share growth to be similar to the level achieved in the third quarter.

The Jacksonville, Florida-based company also said it remains confident in its ability to deliver double digit earnings growth and margin expansion in 2015 as it progresses toward a mid-60s operating ratio over the longer term.

CSX has taken a number of actions to overcome the transition in the energy markets in recent years, emerging a stronger company that is better positioned to capitalize on momentum across nearly all the markets it serves, Chief Financial Officer Fredrik Eliasson told investors and analysts at the Baird Global Industrials Conference today in Chicago.