Genesee & Wyoming (GWR) Guides Q3 Below Street
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Genesee & Wyoming Reports Results for the Second Quarter of 2015
August 3, 2015 6:00 AM EDTDARIEN, Conn.--(BUSINESS WIRE)-- Genesee & Wyoming Inc. (G&W) (NYSE: GWR)
Second Quarter Highlights
Operating revenues increased 30.8% to $542.2 million from $414.6 million. Same railroad operating revenues, excluding the $18.3 million negative impact of foreign currency depreciation, declined 10.2%, primarily due to weakness in iron ore, utility coal and steel shipments. Adjusted income from operations (operating income) decreased 9.6% to $99.8 million; Reported income from operations decreased 9.7% to $99.5 million. (1) Adjusted diluted earnings per common share (EPS) decreased 17.0% to $0.93; Reported diluted EPS... More