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Kansas City Southern: 2Q Earnings Snapshot

July 19, 2019

KANSAS CITY, Mo. (AP) _ Kansas City Southern (KSU) on Friday reported second-quarter earnings of $128.7 million.

The Kansas City, Missouri-based company said it had net income of $1.28 per share. Earnings, adjusted for one-time gains and costs, came to $1.64 per share.

The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.60 per share.

The railroad company posted revenue of $714 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $703.9 million.

Kansas City Southern shares have climbed 24% since the beginning of the year, while the Standard & Poor’s 500 index has increased 19%. The stock has increased 11% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KSU at https://www.zacks.com/ap/KSU

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