April 17, 2019 / 12:14 PM / 2 days ago

Kansas City Southern quarterly profit beats

April 17 (Reuters) - U.S. railroad operator Kansas City Southern reported a better-than-expected quarterly profit, boosted by an increase in refined product shipments to Mexico.

Net income available to common stockholders fell to $102.7 million, or $1.02 per share, in the first quarter ended March 31, from $144.4 million, or $1.40 per share, a year earlier.

On an adjusted basis, Kansas City earned $1.54 per share, beating the average analysts’ estimate of $1.44 per share, according to IBES data from Refinitiv.

Revenue increased to $674.8 million from $638.6 million. (Reporting by Ankit Ajmera in Bengaluru; Editing by Shinjini Ganguli)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below