Genesee & Wyoming: 4Q Earnings Snapshot
DARIEN, Conn. (AP) _ Genesee & Wyoming Inc. (GWR) on Wednesday reported fourth-quarter earnings of $55.6 million.
The Darien, Connecticut-based company said it had net income of 94 cents per share. Earnings, adjusted for restructuring costs and pretax expenses, were $1 per share.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 90 cents per share.
The railroad operator posted revenue of $575.6 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $569.9 million.
For the year, the company reported profit of $244.4 million, or $4.03 per share. Revenue was reported as $2.35 billion.
Genesee & Wyoming shares have climbed roughly 9 percent since the beginning of the year. The stock has risen 11 percent in the last 12 months.