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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| CSX Corporation | NASDAQ:CSX | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.38 | 1.13% | 33.95 | 33.61 | 34.00 | 33.97 | 33.66 | 33.82 | 6,631,504 | 01:00:00 |
From Nov 2023 to May 2024
By Dean Seal
CSX's earnings and revenue were lower in the fourth quarter than they were a year ago as lower fuel and coal prices more than offset the freight railroad's higher volumes.
The Jacksonville, Fla.-based railroad that operates in much of the Eastern U.S. posted a profit of $886 million, compared with $1.02 billion in the same quarter a year ago.
Quarterly earnings were 45 cents a share, down from 49 cents a share last year, but above analyst forecasts for 44 cents a share, according to FactSet.
Revenue fell 1% to $3.68 billion. Analysts polled by FactSet had been expecting $3.63 billion.
Total volume rose 1% during the quarter to 1.56 million units, with 3% volume gains among merchandise and coal while intermodal volume was flat.
The volume growth wasn't able to offset a drop in intermodal storage revenue, lower fuel surcharge, declining trucking revenue and the impact of lower global benchmark coal prices.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
January 24, 2024 16:31 ET (21:31 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
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