Kansas City Southern (KSU) Misses Q3 EPS by 10c
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Kansas City Southern (NYSE: KSU) reported Q3 EPS of $1.12, $0.10 worse than the analyst estimate of $1.22. Revenue for the quarter came in at $605 million versus the consensus estimate of $602.68 million.
“Kansas City Southern faced a challenging third quarter as extraneous events, including flooding outages and service disruptions on our Mexican network, resulted in additional operating costs,” stated Kansas City Southern’s President and Chief Executive Officer Patrick J. Ottensmeyer. “In spite of these events, KCS’ third quarter carloads grew 5% sequentially with strength seen in both the Automotive and Energy commodity groups. Overall, the Company remains committed to growth and we continue to invest and prepare for the many long-term opportunities on the horizon.”
For earnings history and earnings-related data on Kansas City Southern (KSU) click here.
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