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Stockreport

CSX shares rise after railroad company's earnings beat expectations [MarketWatch]

CSX (CSX)  More Company Research Source: MarketWatch
Last csx earnings: 4/17 04:02 pm Check Earnings Report
US:NYSE Investor Relations: csx.com/index.cfm/investors/news-releases
PDF CSX shares rise after railroad company's earnings beat expectations Shares of CSX Corp. CSX, -1.89% rose 1.5% late Tuesday after the railroad company reported adjusted earnings above Wall Street expectations. CSX said it earned $4.1 billion, or $4.62 a share, in the fourth quarter, compared with $458 million, or 49 cents a share, in the year-ago period. The net earnings included a $3.6 billion tax reform benefit and a $10 million restructuring charge, the company said. Adjusted for these and other items, CSX earned $573 million, or 64 cents a share. Sales reached $2.86 billion, from $3.04 billion a year ago. Analysts polled by FactSet had expected adjusted earnings of 56 cents a share on sales of $2.88 billion. The stock ended the regular trading session down 1.9%. [Read more]

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