Kansas City Southern earnings climb despite revenue drop

Second quarter profits climbed 7.4 percent at Kansas City Southern despite a nearly 3 percent drop in revenues.

The railway company said it earned $120.1 million, or $1.12 per share, in April, May and June, compared with $111.8 million a year earlier.

For the quarter, Kansas City Southern took in $568.5 million in revenues, down from $585.8 million in the same quarter last year. Revenues declined in part from the falling value of the Mexican peso relative to the U.S. dollar, though the peso’s decline also held down expenses.

The company said flooding in Houston disrupted some operations in the quarter, after causing service disruptions earlier in the year.

Read more: Kansas City Star


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