DETROIT – No. 3 U.S. railroad CSX Corp on Tuesday reported a slight drop in quarterly net income as higher costs offset increased revenue.
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The Jacksonville, Florida-based company reported fourth-quarter net income of $458 million or 49 cents a share, compared with $466 million or 48 cents per share a year earlier. Analysts had expected earnings per share of 49 cents.
(Reporting By Nick Carey; editing by Diane Craft)