20.07.2019, 21:20
Kansas City Southern (KSU) Stock Gains on Q2 Earnings Beat
Services | Railroads | USA
Kansas City Southern’s KSU second-quarter 2019 earnings (excluding 36 cents from non-recurring items) of $1.64 beat the Zacks Consensus Estimate by 4 cents. The bottom line also rose 6.5% on a year-over-year basis. Results were aided by a better operational performance. This outperformance on the earnings front seems to have found favor with investors. As a result, the stock gained in pre-market trading.
The company delivered revenues of $714 million, surpassing the Zacks Consensus Estimate of $703.9 million. Moreover, the top line improved 4.6% on a year-over-year basis mainly owing to strong performance at the Chemicals and Petroleum unit.
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In the reported quarter, operating income (on a reported basis) decreased 15.4% to $208 million. However, operating income (excluding restructuring charges pertaining to Precision Scheduled Railroading initiatives) increased 5.4% to $259 million.
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https://finance.yahoo.com/news/kansas-ci...03482.html
![[Bild: KSUc1dl1519.png]](https://finviz.com/publish/072019/KSUc1dl1519.png)
Services | Railroads | USA
Kansas City Southern’s KSU second-quarter 2019 earnings (excluding 36 cents from non-recurring items) of $1.64 beat the Zacks Consensus Estimate by 4 cents. The bottom line also rose 6.5% on a year-over-year basis. Results were aided by a better operational performance. This outperformance on the earnings front seems to have found favor with investors. As a result, the stock gained in pre-market trading.
The company delivered revenues of $714 million, surpassing the Zacks Consensus Estimate of $703.9 million. Moreover, the top line improved 4.6% on a year-over-year basis mainly owing to strong performance at the Chemicals and Petroleum unit.
...
In the reported quarter, operating income (on a reported basis) decreased 15.4% to $208 million. However, operating income (excluding restructuring charges pertaining to Precision Scheduled Railroading initiatives) increased 5.4% to $259 million.
...
https://finance.yahoo.com/news/kansas-ci...03482.html