CSX Stock Climbs Despite Missing Q4 Earnings Estimates

Core Viewpoint - CSX Corp. reported its fourth quarter earnings, showing a decline in both revenue and earnings per share, which missed market expectations, yet the stock price increased in after-hours trading [1][2]. Financial Performance - Quarterly earnings were reported at 39 cents per share, missing the consensus estimate of 42 cents [2]. - Revenue for the quarter was $3.51 billion, falling short of the Street estimate of $3.54 billion and down from $3.540 billion in the same period last year [2]. Revenue Drivers - The decline in revenue was attributed to lower merchandise volume and reduced export coal revenue, which was partially offset by higher pricing in merchandise and intermodal, an increase in intermodal volume, and higher fuel surcharge revenue [3]. - CEO Steve Angel noted that the results reflect a subdued industrial demand environment and adjustments made to the company's cost structure [3]. Future Outlook - The company emphasized its strong operational foundation and plans to improve financial performance by focusing on productivity, cost control, and capital discipline while maintaining safe and reliable service [4]. - Following the earnings report, CSX stock rose by 5.79% to $37.85 in after-hours trading [4].