JACKSONVILLE, Fla. (AP) _ CSX Corp. (CSX) on Thursday reported fourth-quarter profit of $760 million.

On a per-share basis, the Jacksonville, Florida-based company said it had net income of 99 cents. Earnings, adjusted to extinguish debt, were $1.04 per share.

The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1 per share.

The freight railroad posted revenue of $2.83 billion in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $2.75 billion.

CSX shares have increased 1% since the beginning of the year, while the Standard & Poor's 500 index has climbed almost 3%. In the final minutes of trading on Thursday, shares hit $91.62, an increase of 22% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CSX at https://www.zacks.com/ap/CSX

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