Kansas City Southern, the fourth-largest publicly-held U.S. railroad, said net income rose to $96 million, or 87 cents per share, in the fourth quarter from $52 million, or 50 cents a share a year before.
Excluding debt retirement costs, the company earned $1.01 per share compared with 62 cents a year ago in the fourth quarter.
Adjusted for a tax benefit of 23 cents per share, earnings were 78 cents per year, compared with 79 cents expected by Thomson Reuters I/B/E/S.
Quarterly operating revenue rose to $530.3 million from $478.6 million a year ago, falling short of the $549.7 million expected by analysts. (Reuters)
