Kansas City Southern: Q1 Earnings Snapshot
KANSAS CITY, Mo. (AP) _ Kansas City Southern (KSU) on Friday reported first-quarter earnings of $153 million.
The Kansas City, Missouri-based company said it had profit of $1.68 per share. Earnings, adjusted for costs related to mergers and acquisitions and non-recurring costs, were $1.91 per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $2 per share.
The railroad company posted revenue of $706 million in the period, also missing Street forecasts. Three analysts surveyed by Zacks expected $714.3 million.
Kansas City Southern shares have risen 27% since the beginning of the year, while the S&P’s 500 index has risen 11%. The stock has risen 93% in the last 12 months.