CSX’s Q4 net profit roughly flat with last year

A CSX train sits next to a train consisting of tank cars.

CSX’s (NASDAQ: CSX) fourth-quarter net income slipped 1% amid a 2% decline in revenue, the Eastern U.S. railroad reported Thursday.

Fourth-quarter 2020 net profit was $760 million, or 99 cents per share, compared with $771 million, or 99 cents per share, in the fourth quarter of 2019. 

(CSX)

CSX said results for the fourth quarter of 2020 included a charge of $48 million, or 5 cents per share after tax, related to the early retirement of debt.

Revenue slipped 2% to $2.83 billion as volume and...

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