On Tuesday, Shares of CSX Corporation (NASDAQ:CSX), added 0.03% and closed at 31.02 in the last trading session. The last trading range of the stock ranges between $30.95 and 31.44. 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.
PepsiCo, Inc. (NYSE:PEP), jumped 0.09% and closed at $106.95 in the last trading session. The last trading range of the stock ranges between 106.94and108.18. The company’s Market capitalization is $153.41 Billion with the total Outstanding Shares of 1.43Billion. Plans to continue transforming its product portfolio by offering healthier food and beverage choices, reduce its environmental impact and empower people around the world
At least two-thirds of PepsiCo beverages expected to contain 100 calories or fewer from added sugar per 12-oz serving by 2025, with raised focus on zero- and lower-calorie products
Targeting 15% improvement in water efficiency of its direct agricultural supply chain in high water-risk areas by 2025 – saving the equivalent of total water used in PepsiCo’s manufacturing operations
Seeking 20% reduction in greenhouse gas emissions across the company’s value chain, counting its agricultural supply, by 2030
In partnership with PepsiCo Foundation, plans to invest $100 million supporting programs to benefit at least 12.5 million women and girls around the world
PepsiCo, Inc. (PEP) recently declared an ambitious global sustainability agenda designed to foster continued business growth in a way that responds to changing consumer and societal needs. The company’s efforts, which focus on creating a healthier relationship between people and food, include specific 2025 aims to continue transforming PepsiCo’s food and beverage product portfolio, contribute to a more sustainable global food system and assist make local communities more prosperous.