CSX Corp. said its normalized net income for the fiscal fourth quarter ended Dec. 30, 2016, came to 58 cents per share, compared with the S&P Capital IQ consensus estimate of 50 cents per share.
EPS increased 24.1% year over year from 47 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $541.3 million, an increase of 19.3% from $453.8 million in the prior-year period.
The normalized profit margin increased to 17.8% from 16.3% in the year-earlier period.
Total revenue climbed 9.2% on an annual basis to $3.04 billion from $2.78 billion, and total operating expenses rose year over year to $2.03 billion from $1.95 billion.
Reported net income declined on an annual basis to $457.9 million, or 49 cents per share, from $467.8 million, or 48 cents per share.
For the year, the company's normalized net income totaled $1.88 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of $1.81.
EPS declined from $1.99 in the prior year.
Normalized net income was $1.78 billion, a decrease from $1.96 billion in the prior year.
Full-year total revenue declined year over year to $11.07 billion from $11.81 billion, and total operating expenses decreased year over year to $7.68 billion from $8.18 billion.
The company said reported net income declined on an annual basis to $1.72 billion, or $1.81 per share, in the full year, from $1.97 billion, or $2.00 per share.
