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UPDATE: CSX Posts Upbeat Q4 Profit

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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

 

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