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
Delta Air Lines Inc. (DAL) pilots, represented by the Air Line Pilots Association International, are picketing on Friday at several airports across the country. The pilots said the picketing was to raise the sense of urgency in ongoing contract negotiations. The negotiations between the pilots... Charter Communications, and its recently acquired subsidiary Time Warner Cable, have been regularly overcharging its consumers to a tune of $7.2 million per year, according to a report from the U.S. Senate's Permanent Subcommittee on Investigations. According to the report, Time Warner Cable over-billed... Popular photo sharing network Instagram is adding a new translation button on its pages, so that the global crowd can read and enjoy the captions and comments given for the photographs uploaded. The new update will be available from next month onward.
comments powered by Disqus
Follow RTT