CSX Quarterly Earnings Rise
U.S. railroad CSX Corp. said Monday that its quarterly net profit rose, citing strong pricing for its freight services.
The Jacksonville, Florida-based company reported fourth-quarter net profit, including insurance recoveries related to Hurricane Katrina, of $347 million or 75 cents per share, compared with earnings of 52 cents per share a year earlier. Excluding items, CSX earned 57 cents a share for the quarter.
Wall Street analysts, on average, had expected earnings per share for the quarter of 57 cents, according to Reuters Estimates.