CSX Corp. Misses Earnings and Revenue Estimates; Stock Down 3%

CSX Corp.

released its fourth quarter earnings results on Monday after the closing bell. The company reported net income of $457 million or $0.43 per share, versus $430 million or $0.38 per share, in last year's fourth quarter. This missed analysts' consensus EPS estimates of $0.44. Revenues came in at $2.95 billion, which was a 5% increase over the $2.82 billion that CSX reported in the year ago period. This also missed Wall Street consensus estimates of $2.99 billion. In the after hours trading session, CSX shares have lost 3% to $22.00.