JACKSONVILLE, Fla. (AP) _ CSX Corp. (CSX) on Thursday reported fourth-quarter net income of $771 million.
The Jacksonville, Florida-based company said it had profit of 99 cents per share.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 97 cents per share.
The freight railroad posted revenue of $2.89 billion in the period, missing Street forecasts. Four analysts surveyed by Zacks expected $2.92 billion.
CSX shares have climbed roughly 6% since the beginning of the year, while the Standard & Poor’s 500 index has increased almost 3%. In the final minutes of trading on Thursday, shares hit $76.65, a rise of 17% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CSX at https://www.zacks.com/ap/CSX
The Associated Press