UBS Raises Price Target on Kansas City Southern (KSU) Following 2Q Report; Reiterates Buy
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Kansas City Southern Reports Second Quarter 2016
July 19, 2016 8:00 AM EDTSecond Quarter 2016 Results
Revenue of $569 million, a decrease of 3% from second quarter 2015. Carload volumes of 537.3 thousand, unchanged from prior year. Operating income of $220 million, an increase of 18% from second quarter 2015. Operating ratio of 61.3%, compared with 68.1% in second quarter 2015. Diluted earnings per share of $1.11, an increase of 10% compared to second quarter 2015. Adjusted diluted earnings per share of $1.22, an increase of 18% compared to second quarter 2015.KANSAS CITY, Mo.--(BUSINESS WIRE)-- Kansas City Southern (KCS) (NYSE:... More
