American Commercial Lines Inc. (ACLI) said its fourth-quarter net income dropped to $9.34 million or $0.72 per share from $23.69 million or $1.87 per share in the prior year.
On average, 6 analysts polled by Thomson Reuters expected earnings per share of $0.06 for the quarter. Analysts' estimate typically excludes one-time items.
Revenues for the quarter were $226.91 million, a 16.4% decrease compared with $271.56 million for the fourth quarter of 2008. Four analysts estimated revenues of $222.49 million for the quarter.
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