Kansas City Southern Q3 Profit Misses Estimates - Quick Facts

(RTTNews) - Kansas City Southern (KSU) reported a lower net income for the third quarter as its revenues decreased 7% year-over-year. Carload volumes were 2% lower than in third quarter 2014. All commodity groups, excluding Agriculture & Minerals and Chemical & Petroleum, were down compared to 2014.

CEO David Starling, said: "There is no question that KCS has been confronted with some challenges in 2015. The resiliency of this company has been demonstrated by its ability to hit these challenges head-on and recover quickly while maintaining strong margins. We look to finish this year with continued strong commercial and operational improvement and ride this positive momentum into 2016."

Excluding the impacts of foreign exchange rate fluctuations, adjusted earnings per share for third quarter 2015 was $1.21. On average, 20 analysts polled by Thomson Reuters expected the company to report profit per share of $1.22 for the quarter. Analysts' estimates typically exclude special items.

Reported net income in the third quarter of 2015 totaled $132 million, or $1.20 per share, compared to $138 million, or $1.25 per share, in the third quarter of 2014.

Revenue decreased to $631.9 million from $677.5 million, last year. Analysts expected revenue of $645.63 million for the quarter. Excluding the estimated impacts of Mexican peso depreciation and lower U.S. fuel prices, revenue increased 1%.