KSU Stock Price | Kansas City Southern Stock Quote (U.S.: NYSE)

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Kansas City Southern’s stock drops after earnings, revenue miss expectations

Shares of Kansas City Southern dropped 1.7% in premarket trading Friday, after the railroad company missed profit and revenue expectations. Net income fell to $127.2 million, or $1.30 a share, from $161.1 million, or $1.59 a share, in the year-ago period. Excluding non-recurring items, adjusted earnings per share came to $1.82, below the FactSet consensus of $1.84. Revenue rose to $729.5 million from $694.0 million, but was below the FactSet consensus of $730.8 million, as misses in the company’s chemical and petroleum, agriculture and minerals and intermodal revenue offset a beat by industrial and consumer products. The operating ratio for 2019 was 69.1%, after 63.7% in 2018; the company expects operating ratio of 60% to 61% in 2020. The stock has rallied 19.4% over the past three months through Thursday, while the Dow Jones Transportation Average has gained 7.7% and the Dow Jones Industrial Average has advanced 8.4%.






2020-01-17 16:46:01

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