Market Overview

UPDATE: CSX Posts Upbeat Q4 Profit

Related CSX
CNBC's Stock Pops & Drops From October 20: Pandora, Hertz, CSX And NewLink Genetics
IBM's Report Weighs On The Dow, Apple Helps Boost The Nasdaq, S&P 500 Extends Winning Streak
Weaker IBM Earnings Weigh on Stocks (Fox Business)

CSX (NYSE: CSX) reported a 3.1% decline in its fourth-quarter earnings.

CSX's quarterly profit fell to $443 million, from 457 million, in the year-ago period. On a per-share basis, CSX earned $0.43 per share.

Its revenue dropped 2.3% to $2.88 billion. However, analysts expected earnings of $0.39 per share on revenue of $2.85 billion.

Its total expenses declined 1.4%.

CSX shares rose 0.86% to $20.99 in after-hours trading.

Posted-In: profitEarnings News

 

Related Articles (CSX)

Around the Web, We're Loving...

Get Benzinga's Newsletters