Wednesday, July 18, 2012 9:59:56 AM
8:34 AM 7/17/2012 - MarketWatch
NEW YORK (MarketWatch) -- Kansas City Southern said Tuesday its second-quarter profit increased to $120.4 million, or $1.09 a share, from $70.7 million, or 64 cents a share, in the year-ago period. The railroad's adjusted profit increased to 85 cents a share from 71 cents a share. Revenue climbed to $545.3 million from $534.9 million. Wall Street analysts expected the railroad to earn 83 cents a share on revenue of $567.3 million, according to a survey by FactSet Research. Revenue growth was lead by a 23% increase in intermodal transportation, and a 15% jump in automotive revenue. Sales from industrial and consumer products rose 10%, while energy revenue declined on a 24% decrease in utility coal revenue. ..
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