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Kansas City Southern Q2 Profit Falls - Quick Facts

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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.

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by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

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With traders largely shrugging off the latest batch of upbeat U.S. economic data, stocks are turning in a lackluster performance in early trading on Tuesday. The major averages are showing only modest moves, lingering close to the unchanged line. Following the long, holiday weekend, stocks may move to the upside in early trading on Tuesday. The major index futures are currently pointing to a modestly higher open for the markets, with the Dow futures up by 15 points. The Swiss economy stalled in the second quarter as the improvement in household spending was insufficient to offset the weakness in exports and investment in construction. Gross domestic product remained flat from the first quarter, when it accelerated to 0.5 percent, the State Secretariat for Economic Affairs said Tuesday. Economists had expected GDP to rise 0.5 percent in the second quarter.
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