CSX Corporation slips after guiding for capex spending of $2B
Sitthiphong/iStock via Getty Images


CSX Corporation (NASDAQ:CSX) trades lower after recording a narrow revenue beat and EPS that matched the consensus expectation.
The company reports Q4 revenue rose 21% to $3.43B off growth across all major lines of business, increases in other revenue and the inclusion of Quality Carriersâ results. Operating income improved 12% during the quarter to $1.37B.

Looking ahead, CSX (CSX) is targeting full-year capex spending of about $2B.
CEO update: "As we enter 2022, we remain committed to providing our customers high quality service and creating additional capacity to help them address current supply chain challenges through the increased use of rail."
Shares of CSX are down 2.50% in after-hours trading to $34.36 after trading flat during the regular session today.
The Seeking Alpha Quant Rating on CSX stepped down to Hold from Strong Buy on January 13.