CSX: 4Q Earnings Snapshot
JACKSONVILLE, Fla. (AP) _ CSX Corp. (CSX) on Wednesday reported fourth-quarter earnings of $843 million.
The Jacksonville, Florida-based company said it had net income of $1.01 per share.
The results met Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was also for earnings of $1.01 per share.
The freight railroad posted revenue of $3.14 billion in the period, surpassing Street forecasts. Seven analysts surveyed by Zacks expected $3.13 billion.
CSX shares have risen almost 6 percent since the beginning of the year, while the Standard & Poor's 500 index has risen 4.5 percent. In the final minutes of trading on Wednesday, shares hit $65.61, a rise of 13 percent in the last 12 months.