CSX profit rises slightly despite restructuring

Omaha • CSX Corp.’s first-quarter profit rose about 2 percent as the railroad hauled more, but its results were hurt by restructuring expenses. The Jacksonville, Fla.-based railroad said Wednesday that it earned $362 million, or 39 cents per share. That’s up from $356 million, or 37 cents per share, a year ago. The railroad said that without the $173 million restructuring charge it would have delivered earnings per share of 51 cents. The analysts surveyed by FactSet expected CSX to report adjust...

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