Kansas City Southern meets 1Q profit forecasts

Associated Press |

KANSAS CITY, Mo. (AP) _ Kansas City Southern (KSU) on Friday reported first-quarter net income of $146.6 million.

The Kansas City, Missouri-based company said it had profit of $1.38 per share. Earnings, adjusted for non-recurring gains, were $1.17 per share.

The results matched Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was also for earnings of $1.17 per share.



The railroad company posted revenue of $609.5 million in the period, beating Street forecasts. Six analysts surveyed by Zacks expected $604.7 million.

Kansas City Southern shares have risen roughly 7 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed 5 percent. The stock has dropped 6 percent in the last 12 months.

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

Keywords: Kansas City Southern, Earnings Report

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