logo
Plus   Neg
Share
Email

Kansas City Southern Q4 Profit Surges; Results Beat View - Quick Facts

Kansas City Southern (KSU), a transportation holding company, reported a surge in profit for the fourth quarter from last year on double-digit revenue growth. Both revenue and adjusted earnings per share beat analysts' estimates.

The company's net income available to common stockholders for the fourth quarter was $551.7 million or $5.33 per share, up from $129.6 million or $1.21 per share in the year-ago period.

Excluding the impact of foreign exchange rate fluctuations, adjusted earnings for the quarter were $1.38 per share, compared to $1.12 per share in the prior-year quarter.

On average, eighteen analysts polled by by Thomson Reuters expected the company to earn $1.37 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues for the quarter rose 10 percent to $660.4 million from $598.5 million in the same period last year. Analysts had a consensus revenue estimate of $656.28 million.

Carload volumes increased 5 percent in the quarter from the year-ago period.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
SiriusXM launched a new subscription package exclusively for college students at a steep discount, just ahead of the fall semester. The satellite-radio giant introduced the "Student Premier" Package that provides students with all the content in SiriusXM's "Premier Streaming" package for $4 per month. This is a 69 percent discount from the regular price of $12.99 per month for Premier Streaming. Apple Inc. warned that its newly launched titanium Apple Card can be easily damaged if not stored properly. The company advised that the card must be kept away from fabrics like leather and denim as they can cause permanent discoloration. The tech giant has posted a support page that provides instructions to users on how to protect and maintain their Apple Card. Southwire Co. LLC recalled about 3000 units of Garvin pop-up electrical outlet floor box kits for concerns of fire hazard. The company said the electrical receptacles can overheat when in use. Southwire already received three reports of the floor boxes overheating. However, there have been no injuries reported so far.
Follow RTT