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Kansas City Southern: 1Q Earnings Snapshot

KANSAS CITY, Mo. (AP) _ Kansas City Southern (KSU) on Wednesday reported first-quarter earnings of $102.8 million.

On a per-share basis, the Kansas City, Missouri-based company said it had profit of $1.02. Earnings, adjusted for restructuring costs and non-recurring costs, came to $1.54 per share.

The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.45 per share.

The railroad company posted revenue of $674.8 million in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $668 million.

Kansas City Southern shares have increased 24 percent since the beginning of the year, while the Standard & Poor's 500 index has risen 16 percent. The stock has risen slightly more than 5 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KSU at https://www.zacks.com/ap/KSU