CSX Q4 Profit Meets Estimate

(RTTNews) - CSX Corp. (CSX) reported net income for the fourth quarter of $491 million or $0.49 per share, compared to $426 million or $0.42 per share for the year-ago quarter.

Fourth quarter revenue rose 5% to $3.19 billion from $3.03 billion in the same quarter last year, with strength across merchandise, intermodal and coal.

Analysts polled by Thomson Reuters expected the company to earn $0.49 per share on revenue of $3.18 billion for the fourth quarter.

Looking forward to 2015, CSX said it expects continued strong growth across its diverse business mix and is poised for sustainable business expansion. The company continues to expect to generate double-digit growth in earnings per share and margin expansion in 2015, progressing toward a mid-60s operating ratio longer term.