logo
Share SHARE
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
United Parcel Service, Inc. has started to test the use of drones to make commercial deliveries of packages to remote or difficult-to-access locations. On Thursday, the package delivery giant and drone-maker CyPhy Works staged a mock delivery of urgently needed medicine from Beverly, Massachusetts to Children's Island, which is about three miles off the Atlantic coast. Luxury electric car maker Tesla Motors Inc. (TSLA), Thursday filed a lawsuit against state officials over its right to sell vehicles directly to consumers in Michigan. The lawsuit has been filed against Governor Rick Snyder, Secretary of State Ruth Johnson and Attorney General Bill Schuette as defendants. Tesla... e.l.f. Beauty (ELF), a maker of cosmetic products, priced its initial public offering above its target range and raised about $141 million. The Oakland-based company opened sharply up on Thursday's trading on the New York Stock Exchange. The company said it sold about 8.3 million shares at $17 in...
comments powered by Disqus
Follow RTT