CSX Q4 Earnings Surpass Estimates, Revenues Fall 1.3% Y/Y

CSX Corporation’s (CSX) fourth-quarter 2023 earnings per share (EPS) of 45 cents beat the Zacks Consensus Estimate of 44 cents. However, the bottom line declined 8.2% year over year.Total revenues of $3,680 million surpassed the Zacks Consensus Estimate of$3,637.8 million. The top line decreased 1.3% year over year due to lower intermodal storage revenues, reduced fuel surcharge, the effect of lower global benchmark coal prices and a decline in trucking revenues. These factors offset the effects of higher ...