WASHINGTON (dpa-AFX) - CSX Corp (CSX) released earnings for its fourth quarter that increased from last year and beat the Street estimates.
The company's bottom line came in at $1.02 billion, or $0.49 per share. This compares with $0.93 billion, or $0.42 per share, in last year's fourth quarter.
Analysts on average had expected the company to earn $0.46 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 8.7% to $3.73 billion from $3.43 billion last year.
CSX Corp earnings at a glance (GAAP) :
-Earnings (Q4): $1.02 Bln. vs. $0.93 Bln. last year. -EPS (Q4): $0.49 vs. $0.42 last year. -Analyst Estimate: $0.46 -Revenue (Q4): $3.73 Bln vs. $3.43 Bln last year.
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