January 18, 2017 / 1:57 PM / 8 months ago

CSX sees first-quarter EPS growth in "low-to-mid-teens"

DETROIT, Jan 18 (Reuters) - No. 3 U.S. railroad CSX Corp expects first-quarter earnings per share growth in the “low-to-mid-teens” versus the same period in 2016 and full-year earnings to grow despite continued weakness in coal freight volumes.

In a conference call with analysts, CSX executives said the Jacksonville, Florida-based company planned capital expenditures of $2.2 billion in 2017, down from $2.7 billion in 2016, and is targeting $150 million in cost cutting and productivity gains. (Reporting By Nick Carey; Editing by Chizu Nomiyama)

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