Genesee & Wyoming (GWR) Misses Q1 EPS by 4c, Revenues Miss
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Genesee & Wyoming Reports Results for the First Quarter of 2019
April 30, 2019 6:00 AM EDTDARIEN, Conn.--(BUSINESS WIRE)-- Genesee & Wyoming Inc. (G&W) (NYSE: GWR)
First Quarter 2019 Consolidated Highlights Compared with First Quarter 2018
Operating revenues decreased 2.9% to $558.1 million from $574.7 million. Reported operating income decreased 8.3% to $79.7 million; Adjusted operating income increased 0.5% to $87.8 million despite negative effects from severe winter weather and flooding in North America.(1) Reported diluted earnings per common share (EPS) decreased 42.9% to $0.68 with 57.1 million weighted average shares outstanding, compared with reported diluted EPS in the first quarter of 2018 of $1.19 with 62.9 million weighted average shares... More