Categories AlphaGraphs, Earnings, Industrials
Infographic: Kansas City Southern (KSU) Q1 results miss Street view
Transportation company Kansas City Southern (NYSE: KSU) reported lower earnings and revenues for the first quarter of 2021. The results also missed the market’s prediction.
Adjusted earnings dropped to $1.91 per share from $1.96 per share in the first quarter of 2020 and missed expectations. Net profit was $153 million or $1.68 per share, compared to $151.7 million or $1.58 per share in the first quarter of 2020.
Revenues decreased 4% year-over-year to $706 million. The top-line also came in below the forecast.
Read management/analysts’ comments on quarterly reports
Shares of Kansas City Southern dropped soon after the earnings announcement early Friday, after closining the previous session lower.
Looking for more insights?
Read the full conference call transcript here. It’s free!
Most Popular
FAST Stock: Fastenal’s long-term prospects intact. Should you invest now?
Production disruption and logistics issues continue to have a crippling effect on the industrial sector but the performance of companies, in general, has been mixed so far. Fastenal Company (NASDAQ:
Netflix (NFLX) adds 8.3 million new subscribers in Q4: earnings beat estimates
Netflix, Inc. (NASDAQ: NFLX) Thursday said it added 8.3 million paid members in the December quarter. Revenues increased and matched estimates, aided by the relaxation of COVID restrictions and resumption
SCHW Stock: Upbeat stock market, rate hikes to drive growth for Charles Schwab
Investment management firm Charles Schwab Corporation (NYSE: SCHW) has stayed largely unaffected by the coronavirus crisis, rather it managed to tap into new opportunities. The company owes its impressive financial
