=CSX (CSX) reported earnings on Thur 16 Jan 20 (a/h)

CSX beats by $0.01, misses on revs

Reports Q4 (Dec) earnings of $0.99 per share, $0.01 better than the S&P Capital IQ Consensus of $0.98; revenues fell 8.2% year/year to $2.88 bln vs the $2.94 bln S&P Capital IQ Consensus.

Revs were lower due to lower volumes and negative mix from coal market headwinds.

Merchandise Volume: Chemicals - Declined due to reduced natural gas liquids, fly ash and sand shipments. Agricultural and Food Products - Increased due to gains in ethanol as well as sweeteners and oils. Automotive - Declined due to lower North American vehicle production. Minerals - Increased due to higher shipments for highway construction and paving projects. Forest Products - Declined due to reduced pulpboard shipments. Fertilizers - Gains on short-haul phosphate shipments were offset by declines in long-haul fertilizer shipments. Metals and Equipment - Declined due to reduced metals shipments, primarily in the steel, construction and scrap markets.