On Wednesday, Shares of CSX Corporation (NYSE:CSX), lost -1.50% to $27.53.
CSX, Chief Financial Officer Frank Lonegro reinforced the company’s 2015 guidance and outlined expectations for key markets in 2016 at the Baird Industrial Conference in Chicago.
“CSX has leveraged its diverse portfolio and network reach to compriseently deliver record earnings per share growth, despite declines in coal revenue of more than $1 billion over the past four years,” Lonegro said. “While we expect the energy market headwinds to continue in 2016, we are focused on capturing opportunities in intermodal and industrial markets, and on delivering excellent service for customers to support our pricing, growth and efficiency targets.”
Facing continued headwinds in the energy markets, CSX anticipates fourth quarter 2015 earnings per share to decline slightly contrast to the same period in 2014. The company continues to target mid-single digit full-year earnings per share growth as intermodal growth and efficiency initiatives offset about $450 million in coal revenue declines.
CSX also continues to expect meaningful margin expansion in 2015 and a mid-60s operating ratio longer term as the company leverages longer trains, drives industrial development to leverage merchandise growth, continues investing in intermodal, and matches resources to business demand across its coal network.
CSX Corporation, together with its auxiliaries, provides rail-based transportation services in the United States and Canada. It offers traditional rail services, and transports intermodal containers and trailers. The company transports crushed stone, sand and gravel, metal, phosphate, fertilizer, food, consumer, agricultural, automotive, paper, and chemical products; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants, in addition to exports coal to deep-water port facilities.
Shares of Western Digital Corp (NASDAQ:WDC), declined -1.54% to $62.60, during its last trading session.
WDLabs, a business growth incubator of storage solutions leader Western Digital® Corporation (WDC), is utilizing its WD® My Cloud® OS3 device in conjunction with the IBM® Internet of Things (IoT) Foundation and the ARM® mbed™ IoT Device Platform to provide developers a flexible platform to support advanced analytics and data application services.
At the ARM TechCon conference (booth #910) in Santa Clara, CA, WDLabs will be demonstrating a proof-of-concept on how the WD My Cloud OS 3 SDK provides an ideal platform for developing applications at the edge. In addition, IoT sensor data may be stored and analyzed when integrated with the ARM mbed IoT Device Platform and IBM IoT Foundation. Ultimately, knowledge gained from analysis of multiple data sources can be combined to achieve further insight.
Together the companies create a viable infrastructure for developers to create better and smarter apps that process IoT and video data at the edge. Western Digital, IBM and ARM play three noteworthyroles to enable the development in an end-to-end IoT infrastructure for app and device developers, such as:
- Smart Sensors: The mbed IoT Device Platform is secure, enables devices to be mass-production ready and offers support for app developers to plug and play sensors;
- Data Services at the Edge: WD’s My Cloud OS 3 platform interacts with the mbed IoT Device Platform, hosting data services at the Edge and connecting to data services on the cloud; and
- Analyzing the Data: IBM real-time, predictive and cognitive analytic services run locally through IBM IoT Foundation platform to better understand the data that IoT devices generate, counting video analytics libraries optimized for sending alerts, metadata and deeper analytics.
“Western Digital is enabling inventors and businesses to be more productive, while storing data locally on My Cloud systems,” said Richard E. Rutledge, SVP of marketing, WDLabs. “The My Cloud OS SDK and platform enable app developers to efficiently connect to their apps and run local analytics and metadata.”
Western Digital Corporation, together with its auxiliaries, engages in the development, manufacture, sale, and provision of data storage solutions that enable consumers, businesses, governments, and other organizations to create, manage, experience, and preserve digital content worldwide.
Finally, Shares of BB&T Corporation (NYSE:BBT), ended its last trade with -0.05% loss, and closed at $38.31.
BB&T Corporation, declared President of Community Banking Ricky Brown will present at the Bank of America Merrill Lynch 2015 Banking and Financial Services Conference in New York City on Wednesday, Nov. 18, at 9:50 a.m., ET.
BB&T Corporation operates as a financial holding company that provides various banking and trust services for retail and commercial clients. It operates in six segments: Community Banking, Residential Mortgage Banking, Dealer Financial Services, Specialized Lending, Insurance Services, and Financial Services.