CSX Q4 EPS $0.45 Beats $0.44 Estimate, Sales $3.68B Beat $3.63B Estimate
Portfolio Pulse from Benzinga Newsdesk
CSX Corporation reported Q4 earnings of $0.45 per share, surpassing the consensus estimate of $0.44, a 2.27% beat. However, this represents an 8.16% decrease from the previous year's earnings of $0.49 per share. Quarterly sales reached $3.68 billion, exceeding estimates by 1.38% but showing a 1.34% decline from the $3.73 billion reported in the same period last year.

January 24, 2024 | 9:01 pm
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CSX Corporation exceeded Q4 EPS and sales estimates but showed a year-over-year decline in both earnings and revenue.
While CSX beat analyst estimates for both earnings per share and sales, the year-over-year decline in these figures may temper investor enthusiasm, leading to a neutral short-term impact on the stock price. The beat on estimates could be seen as a positive sign of management's ability to outperform expectations, but the decline in earnings and sales compared to the previous year could raise concerns about growth prospects.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100