Time to Buy CSX Call Options? As It Prints Record Operating Ratio in Q2
Jul, 15th 05:10
CSX Corporation (NYSE:CSX) reports it struck an all-time high operating ratio of 66.8% in Q2. Volume was down 1% during the period.
The company was able to lower expenses by 9% to help offset the 6% drop in revenue. CSX expects domestic coal revenue to fall 10% this year. Margins are seen rising as a full-year mid-60s operating ratio is targeted.
What’s your analysis about this stock? Share your views in comments!!!