CSX Corp Q4 Profit Rises, Beats estimates

CSX Corp (CSX) released earnings for its fourth quarter that increased from last year and beat the Street estimates.

The company's bottom line came in at $1.02 billion, or $0.49 per share. This compares with $0.93 billion, or $0.42 per share, in last year's fourth quarter.

Analysts on average had expected the company to earn $0.46 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 8.7% to $3.73 billion from $3.43 billion last year.

CSX Corp earnings at a glance (GAAP) :

-Earnings (Q4): $1.02 Bln. vs. $0.93 Bln. last year.
-EPS (Q4): $0.49 vs. $0.42 last year.
-Analyst Estimate: $0.46
-Revenue (Q4): $3.73 Bln vs. $3.43 Bln last year.

For comments and feedback contact: editorial@rttnews.com

Business News

Follow RTT