FONT-SIZE Plus   Neg

Kansas City Southern Q2 Profit Falls - Quick Facts

Kansas City Southern (KSU) reported that its second-quarter net income available to common stockholders was $15.4 million or $0.14 per share, down from $120.4 million or $1.09 per share in the same quarter last year.

Debt retirement costs for the latest-quarter was $111.4 million, compared to $5.1 million last year.

Excluding the impacts of debt retirement costs, foreign exchange rate fluctuations and the one-time benefit from the elimination of a net deferred statutory profit sharing liability in second quarter 2012, adjusted earnings per share for second quarter 2013 was $0.96 compared with $0.88 a year ago. Analysts polled by Thomson Reuters expected the company to report earnings of $0.95 per share. Analysts' estimates typically exclude special items.

Revenues for the quarter rose to $579.3 million from $545.3 million in the prior year quarter. Fifteen analysts had consensus revenue estimate of $576.67 million for the quarter. Overall, carload volumes were 3% higher than in second quarter 2012.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Electric car maker Tesla Motors Inc. (TSLA), Wednesday reported a profit for the third quarter beating Wall Street estimates by a large margin, driven primarily by record production and deliveries. Shares of the company gained over 5 percent in extended hours after the company reaffirmed its delivery... Auvi-Q, the rival for EpiPen, will be coming back in 2017, pharmaceutical company Kaleo announced on Wednesday. Auvi-Q is a epinephrine injection used to treat life-threatening allergic reactions, including anaphylaxis, in people who are at risk for or have a history of serious allergic reactions. Auvi-Q... Uber's self-driving technology start-up Otto has partnered with Anheuser-Busch InBev to complete the world's first shipment by a self-driving truck. Otto said in a blog post that the company and Anheuser-Busch delivered 51,744 cans of Budweiser beer from Fort Collins, through downtown Denver, to Colorado Springs.
comments powered by Disqus
Follow RTT