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Stockreport

CSX posts 6% Q4 revenue drop [Business News Network (BNN) Energy & Resources (Canada)]

CSX (CSX)  More Company Research Source: Business News Network
Last csx earnings: 4/17 04:02 pm Check Earnings Report
US:NYSE Investor Relations: csx.com/index.cfm/investors/news-releases
PDF CSX posts 6% Q4 revenue drop CSX Corp (CSX.O), the third-largest U.S. railroad operator, reported a 6 per cent fall in fourth-quarter revenue from the year earlier quarter, when it had an extra fiscal week. The Jacksonville, Florida-based railroad said revenue fell to US$2.86 billion in the quarter ended Dec. 31, from US$3.04 billion a year earlier. Net income jumped to US$4.14 billion, or US$4.62 per share, from US$458 million, or 49 cents per share, boosted by benefits from the recently enacted U.S. tax overhaul. [Read more]

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