Flash: CSX prelim $1.06 vs $1.04 Thomson Reuters consensus; revs $2.8 bln vs $2.74 bln Thomson Reuters consensus

CSX beats by $0.02, beats on revs (75.94 +0.59)
Reports Q1 (Mar) earnings of $1.06 per share, $0.02 better than the Thomson Reuters consensus of $1.04; revenues rose 12.4% year/year to $2.8 bln vs the $2.74 bln consensus. “CSX delivered record financial results and achieved growth across nearly all markets in a growing economy… We expect these positive trends to continue, allowing CSX to make critical investments and meet the future transportation needs of our customers and the nation.” Consistent with prior guidance, CSX expects to deliver a high-sixties operating ratio in 2011, which keeps the company on a path to a 65 percent operating ratio by no later than 2015.