CSX Corp. (CSX) Tops Q4 EPS by 1c

CSX Corp. (NASDAQ: CSX) reported Q4 EPS of $0.48, $0.01 better than the analyst estimate of $0.47.

Fourth quarter revenue declined 13 percent as pricing gains were more than offset by the impact of lower fuel recovery, a 6 percent volume decline and continued transition in the company’s business mix. Expenses also decreased 13 percent, primarily reflecting reduced fuel prices, lower volume-related costs and efficiency gains. As a result, operating income declined 12 percent to $791 million, while the operating ratio improved 20 basis points to 71.6 percent.

For earnings history and earnings-related data on CSX Corp. (CSX) click here.

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