By Maria Armental

Freight rail operator CSX Corp. reported fourth-quarter results on Thursday. Here's what you need to know:

PROFIT: Net income fell to $771 million, or 99 cents a share, from $843 million, or $1.01 a share, a year earlier. Analysts surveyed by FactSet expected 97 cents a share.

REVENUE: Revenue fell to $2.89 billion from $3.14 billion a year earlier. Analysts expected $2.92 billion.

OPERATING RATIO: The key performance metric for railroads improved to 60% from 60.3% a year earlier. Analysts projected 59.7%.

SHIPMENTS: Total shipment volume fell 7%, compared with analysts' projected 6% decline.

Write to Maria Armental at maria.armental@wsj.com

(END) Dow Jones Newswires

January 16, 2020 16:21 ET (21:21 GMT)

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