Kansas City Southern Reports 9% Drop In Q3 Profit

(RTTNews) - Kansas City Southern (KSU) reported earnings for third quarter that decreased compared to the same period last year.

The company said its earnings declined to $120.3 million, or $1.12 per share. This was down from $132.9 million, or $1.21 per share, in last year's third quarter.

Analysts had expected the company to earn $1.22 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 4.3% to $604.5 million. This was down from $631.9 million last year.

Kansas City Southern earnings at a glance:

-Earnings (Q3): $120.3 Mln. vs. $132.9 Mln. last year. -Earnings Decline (Y-o-Y): -9.5% -EPS (Q3): $1.12 vs. $1.21 last year. -EPS Decline (Y-o-Y): -7.4% -Analysts Estimate: $1.22 -Revenue (Q3): $604.5 Mln vs. $631.9 Mln last year. -Revenue Change (Y-o-Y): -4.3%