Kansas City Southern (KSU) Tops Q3 EPS by 3c

Kansas City Southern (NYSE: KSU) reported Q3 EPS of $1.29, $0.03 better than the analyst estimate of $1.26. Revenue for the quarter came in at $678 million versus the consensus estimate of $670.6 million.

“KCS achieved record quarterly financial results as a result of the continued strength and diversity of our franchise,” stated Kansas City Southern’s President and Chief Executive Officer David L. Starling. “An operating ratio of 66.1% was attained primarily due to volume growth, especially in the automotive and grain commodity groups, as well as system efficiency and cost controls.

“We are optimistic about the remainder of the year and reaffirm our updated 2014 goals outlined to investors in September. Looking ahead, we expect KCS’ long-term growth to be fueled by system-wide opportunities, which position KCS very well over the next several years.”

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

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