CSX Shares Decline After Revenue Falls Short Of Street View

By Markets MarketWatch Pulse

CSX Corp. shares slipped in the extended session Tuesday after the railroad company missed Wall Street's fourth-quarter revenue estimates for the quarter. CSX shares declined 1.9% to $23.25. The company reported fourth-quarter earnings of 48 cents a share on revenue of $2.78 billion. Analysts surveyed by FactSet had forecast earnings of 46 cents a share on revenue of $2.82 billion, but that was after a profit warning issued by the company in early December.

Continue Reading Below

Copyright © 2016 MarketWatch, Inc.