Wednesday, July 18, 2012 10:01:54 AM
8:04 AM 7/17/2012 - Briefing.com
Reports Q2 (Jun) earnings of $0.85 per share, excluding non-recurring items, in-line with the Capital IQ Consensus Estimate consensus of $0.85; revenues rose 1.9% year/year to $545.3 mln vs the $568.9 mln consensus. Q2 rev growth compared to 2011 was led by a 23% increase in Intermodal and a 15% increase in Automotive revenues. Rev from Industrial and Consumer Products was also strong, growing 10% over 2011. Revs from Chemical & Petroleum and Agriculture & Minerals each declined by 7% in Q2. Energy rev declined by 12% YoY, primarily caused by a 24% decrease in utility coal rev. "While lower than anticipated coal traffic clearly had an impact on second quarter results, KCS still reported a 4% increase in carloads, and excluding utility coal, our volumes rose 7% compared to second quarter 2011. We also ended the quarter on a strong note by achieving the highest average daily carloads in KCS' history during the month of June."..
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