Rail giant CSX ( CSX) posted a fourth-quarter profit and earnings that were in line with Street expectations.

Investors sent shares down 8 cents in recent after-hours trading Monday to $35.02; they closed the regular session off 63 cents.

Quarterly earnings increased to $347 million, or 75 cents a share, compared with $237 million, or 52 cents a share, a year ago. Included is a benefit of 18 cents a share from Hurricane Katrina insurance recoveries, a gain on Conrail property included in other income and the resolution of tax matters.

Revenue rose to $2.4 billion from $2.22 billion during last year's fourth quarter.

Excluding items, the Jacksonville, Fla., company earned 57 cents a share

On that basis, a consensus of analysts at Thomson First Call forecast earnings of 57 cents a share on sales of $2.45 billion.

For the year, CSX earned $1.31 billion, or $2.82 a share, vs. $1.14 billion, or $2.52 a share, for fiscal year 2005 .

CEO Michael Ward said that in 2007 "we expect demand to be strong and our operations to be stronger, and we remain confident in our previous guidance of double-digit growth in operating income, earnings and free cash flow."

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