CSX Q4 sales rise 21% as 'all lines of business' grew, rail operator says
Shares of CSX Corp. (CSX) fell in the extended session Thursday after the rail operator reported fourth-quarter results that met Wall Street expectations. CSX said it earned $934 million, or 42 cents a share, in the fourth quarter, compared with $760 million, or 33 cents a share, in the year-ago period. Sales rose 21% to $3.43 billion, thanks to "growth across all major lines of business," the company said. Analysts polled by FactSet expected earnings of 42 cents a share on sales of $3.3 billion. "As we enter 2022, we remain committed to providing our customers high-quality service and creating additional capacity to help them address current supply-chain challenges through the increased use of rail," CSX Chief Executive James Foote said in a statement. Shares of CSX ended the regular trading day down less than 0.1%
(END) Dow Jones Newswires
January 20, 2022 16:18 ET (21:18 GMT)
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