Railroad operator CSX said continued weak coal demand contributed to a 3 percent decline in fourth-quarter net income. The results still beat Wall Street expectations as other sectors improved.
January 23, 2013 at 12:00 AM
1 minute read
Railroad operator CSX Corp. said continued weak coal demand contributed to a 3 percent decline in fourth-quarter net income. The results still beat Wall Street expectations as other sectors improved.
The Jacksonville-based railroad on Tuesday reported net income of $443 million, or 43 cents per share, in the last three months of 2012. That’s down from $457 million, or 43 cents per share, in the previous year’s quarter.
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