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Jan. 17, 2020, 9:00 a.m. EST

Kansas City Southern's stock drops after earnings, revenue miss expectations

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By Tomi Kilgore

Shares of Kansas City Southern /zigman2/quotes/200211518/composite KSU +0.63% dropped 1.7% in premarket trading Friday, after the railroad company missed profit and revenue expectations. Net income fell to $127.2 million, or $1.30 a share, from $161.1 million, or $1.59 a share, in the year-ago period. Excluding non-recurring items, adjusted earnings per share came to $1.82, below the FactSet consensus of $1.84. Revenue rose to $729.5 million from $694.0 million, but was below the FactSet consensus of $730.8 million, as misses in the company's chemical and petroleum, agriculture and minerals and intermodal revenue offset a beat by industrial and consumer products. The operating ratio for 2019 was 69.1%, after 63.7% in 2018; the company expects operating ratio of 60% to 61% in 2020. The stock has rallied 19.4% over the past three months through Thursday, while the Dow Jones Transportation Average /zigman2/quotes/210598063/realtime DJT +1.88% has gained 7.7% and the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +1.44% has advanced 8.4%.

/zigman2/quotes/200211518/composite
US : U.S.: NYSE
$ 143.74
+0.90 +0.63%
Volume: 674,870
July 10, 2020 4:00p
P/E Ratio
24.11
Dividend Yield
1.11%
Market Cap
$13.57 billion
Rev. per Employee
$382,181
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/zigman2/quotes/210598063/realtime
US : Dow Jones Indices
9,312.48
+172.05 +1.88%
Volume: 253.12M
July 10, 2020 5:09p
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
26,075.30
+369.21 +1.44%
Volume: 337.36M
July 10, 2020 5:09p
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