Kansas City Southern profit misses estimates
Oct 19 (Reuters) - Railroad company Kansas City Southern reported a lower-than-expected quarterly profit, hurt by higher tax expenses and a stronger Mexican peso.
The fourth-largest public U.S. railroad operator said net income fell to $90 million, or 82 cents per share, in the third quarter, from $99.8 million, or 91 cents per share, a year earlier.
Revenue rose 6 percent to $577 million.
Analysts expected earnings of 84 cents per share on revenue of $578.4 million, according to Thomson Reuters I/B/E/S.
The Missouri-based company gets almost half of its revenue from Mexico.
- Target holiday cyber breach hits 40 million payment cards
- UPDATE 3-Saab wins Brazil jet deal after NSA spying sours Boeing bid
- Zuckerberg to sell Facebook shares worth about $2.3 billion
- Special Report: Why Ukraine spurned the EU and embraced Russia
- Facebook, Zuckerberg, banks must face IPO lawsuit: judge