On Thursday, Shares of CSX Corporation (NASDAQ:CSX), added 3.11% and closed at $31.15 in the last trading session. The last trading range of the stock ranges between $30.26 and $31.28. CSX Corporation (CSX) recently declared third quarter 2016 net earnings of $455 million, or $0.48 per share, down from $507 million, or $0.52 per share, in the same period of last year.
“CSX continues to drive strong cost performance and efficiency in this dynamic market environment while meeting or surpassing customer expectations,” said Michael J. Ward, chairman and chief executive officer. “Our financial results demonstrate CSX’s ability to deliver value for shareholders and customers in the current business climate as we position the company to maximize opportunities in 2017 and beyond.”
Revenue for the quarter declined 8 percent, consistent with volume declines of 8 percent overall, counting coal volume declines of 21 percent. At the same time, expenses improved 7 percent in the quarter, mainly driven by $112 million of efficiency gains and $53 million of volume-related cost reductions.
As these cost savings partially offset the impact of lower volume and changing business mix, operating income declined 10 percent to $841 million and the operating ratio raised 70 basis points year-over-year to 69.0 percent.
LendingClub Corp (NYSE:LC), dropped -0.72% and closed at $5.50 in the last trading session. The last trading range of the stock ranges between $5.37 and $5.61. The company’s Market capitalization is $2.06 Billion with the total outstanding Shares of 391.15 million. LendingClub Corporation, together with its auxiliaries, operates as an online marketplace that connects borrowers and shareholders in the United States. Its marketplace facilitates various types of loan products for consumers and small businesses, counting unsecured personal loans, super prime consumer loans, unsecured education and patient finance loans, and unsecured small business loans. The company also offers shareholders an opportunity to invest in a range of loans based on term and credit characteristics. It serves shareholders, such as retail shareholders, high-net-worth individuals and family offices, banks and finance companies, insurance companies, hedge funds, foundations, pension plans, and university endowments.
QEP Resources Inc(NYSE:QEP), dropped -0.17% and closed at $18.06 in the last trading session. The last trading range of the stock ranges between $17.77 and $18.30. During the 52-week trading session the minimum price at which share price traded, registered at $8.54 and reached to max level of $20.96. QEP Resources, Inc., through its auxiliaries, operates as a natural gas and crude oil exploration and production company in the United States. The company conducts exploration and production activities in the Pinedale Anticline in western Wyoming; the Williston Basin in North Dakota; the Uinta Basin in eastern Utah; the Permian Basin in western Texas; the Haynesville/Cotton Valley in northwestern Louisiana; and other proven properties in Wyoming, Utah, and Colorado. As of December 31, 2015, it had estimated proved reserves of 3,620.2 billion cubic feet of natural gas equivalents. The company sells its gas, oil, and natural gas liquids (NGL) to various customers, counting gas-marketing firms, industrial users, local-distribution companies, crude oil refiners, and remarketers, in addition to markets associate and third-party gas, oil, and NGL volumes. In addition, it operates a gas gathering system and an underground gas storage facility.