Genesee & Wyoming (GWR) Misses Q4 EPS by 1c
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Genesee & Wyoming Reports Results for the Fourth Quarter of 2015
February 9, 2016 6:00 AM ESTDARIEN, Conn.--(BUSINESS WIRE)-- Genesee & Wyoming Inc. (G&W) (NYSE: GWR)
Fourth Quarter Highlights
Operating revenues increased 23.9% to $514.9 million from $415.6 million. Same railroad operating revenues, excluding a $16.6 million negative impact of foreign currency depreciation, declined 13.8%, primarily due to weakness in iron ore, coal, metals and agricultural products shipments. Adjusted income from operations (adjusted operating income) decreased 16.9% to $94.2 million; Reported income from operations (operating income) decreased 16.6% to $94.6 million.(1) Adjusted diluted earnings per common share (EPS) decreased 24.1%, to... More