CSX Corp. offered no surprises in its Oct. 19 third-quarter earnings report and conference call with analysts.
“In the bigger picture, 3Q was a relative non-event and bulls looking for signs of a growth story need to wait for the cycle inflection to come,” Morgan Stanley analyst Ravi Shanker said in a research note.
“Perhaps more than the numbers, the focus on the call was the debut of new (though very well known to the street) COO Mike Cory following the sudden surprise departure of CSX’s old COO during the quarter,” he said.
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