Kansas City Southern: 4Q Earnings Snapshot
KANSAS CITY, Mo. (AP) _ Kansas City Southern (KSU) on Friday reported fourth-quarter earnings of $161.1 million.
The Kansas City, Missouri-based company said it had net income of $1.59 per share. Earnings, adjusted for non-recurring gains, came to $1.56 per share.
The results matched Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was also for earnings of $1.56 per share.
The railroad company posted revenue of $694 million in the period, beating Street forecasts. Six analysts surveyed by Zacks expected $691.9 million.
For the year, the company reported profit of $627.4 million, or $6.13 per share. Revenue was reported as $2.71 billion.
Kansas City Southern shares have risen 9 percent since the beginning of the year, while the Standard & Poor’s 500 index has risen 5 percent. The stock has dropped 6 percent in the last 12 months.