Commodity volumes lift Kansas City Southern quarterly profit, beats on revenue [Reuters]
Kansas City Southern (KSU)
Last kansas city southern earnings: 4/17 08:00 am
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Source: Reuters
Commodity volumes lift Kansas City Southern quarterly profit, beats on revenue | Reuters Reuters Staff 2 Min Read (Reuters) - Kansas City Southern, a regional U.S. railroad with extensive operations in Mexico, reported a higher quarterly net profit on Friday, driven by revenue growth in 2017 in all six of the commodities it hauls and changes in U.S. tax law. The Kansas City, Missouri-based company posted fourth-quarter net income of $552 million, or $5.33 per diluted share, up from $130 million, or $1.21 per diluted share a year earlier. After adjustments for one-time items, the railroad earned an all-time record $1.38 per share, versus the $1.37 analysts expected, the company said. The railroad said it achieved record fourth quarter revenue of $660 million, an increase of 10 percent from the same period in 2016, with overall carload volumes up 5 percent compared with the prior year. For quarterly revenue, Wall Street analysts expected $656.28 million. Kansas City Southern Chief Execu
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