Kansas City Southern (KSU) Reports In-Line Q3 EPS, Revenues Miss

Kansas City Southern (NYSE: KSU) reported Q3 EPS of $1.57, in-line with the analyst estimate of $1.57. Revenue for the quarter came in at $699 million versus the consensus estimate of $708.26 million.

“Kansas City Southern faced a challenging third quarter, as network congestion in northern Mexico led to a difficult operating environment,” stated Kansas City Southern’s President and Chief Executive Officer Patrick J. Ottensmeyer. “However, we have taken steps that we are confident will restore our service levels and allow us to continue delivering strong and diversified franchise cross-border volume and revenue growth, led by increased refined product shipments to Mexico and strength in Intermodal and Automotive commodity groups.

“As we look to 2019, our cross-border network offers unique opportunities for volume growth from our robust Chemicals & Petroleum, Intermodal, Automotive and export Grain franchises. Moreover, the capital investments that we have made throughout our network, position us to deliver superior long-term growth and strong financial results to our stockholders.”

For earnings history and earnings-related data on Kansas City Southern (KSU) click here.

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