UPDATE: CSX Posts Upbeat Q4 Profit

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.