(Reuters circulated the following article on February 6.)
NEW YORK — U.S. railroad Kansas City Southern said on Tuesday that its quarterly net profit rose sharply, beating estimates, as revenues climbed 14 percent on transportation of coal, chemical and petroleum products.
The Kansas City, Missouri-based company reported fourth-quarter net income available to common shareholders of $35.7 million or 41 cents a share compared with $2.3 million or 3 cents a share a year earlier.
Revenues rose 14 percent to $442.4 million on higher volumes and strong pricing.
Wall Street analysts on average had predicted earnings of 33 cents per share, according to Reuters Estimates.