GO
Loading...

Enter multiple symbols separated by commas

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.

Contact U.S. News

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.

Don't Miss

U.S. Video

  • Cramer: Here's a sign the market could rally

    Wall Street's been soaking in red, but "Mad Money" host Jim Cramer has one signal to watch for that could point to another run.

  • Burger war maneuvers

    Cramer looks at the number of company's selling burgers and tries to determine the quality names, as well as those to avoid.

  • Cramer: What's driving defense?

    Cramer says that even though President Obama has made it clear the US can no longer be the world's policeman, the country can become the world's arms dealer. Profiting from defense spending.