Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Kansas City Southern Q2 Profit Falls - Quick Facts

RELATED NEWS
Trade KSU now with 

Kansas City Southern (KSU: Quote) 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.

Click here to receive FREE breaking news email alerts for Kansas City Southern and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
After initially showing a lack of direction, stocks have moved mostly higher over the course of the trading session on Wednesday. Buying interest has remained somewhat subdued, however, limiting the upside for the markets. Businessman David Perdue narrowly defeated eleven-term Congressman Jack Kingston, R-Ga., in a runoff for the Republican Senate nomination in Georgia on Tuesday. With all precincts reporting, unofficial results show Perdue with a slim 50.9 percent to 49.1 percent lead over Kingston. Bank of England Governor Mark Carney said on Wednesday that interest rate will have to start rising to maintain price stability as the economy normalizes. "As the economy normalizes, Bank Rate will need to start to rise in order to achieve the inflation target," Carney said in a speech in Glasgow, Scotland.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.