Kansas City Southern (NYSE:KSU) communicated its third quarter earnings results on Friday 16th October 2020 before market open.
Key Numbers from third quarter earnings result
Quarterly income of $ 2.01 per share, from the revenue of $ 659.60 million
On adjusted basis, reported income of $ 1.96 per share
Analysts Estimated revenue of $ 662.69 million and $ 1.90 income per share
Earnings beat analysts estimates by $ 0.06 or 3.16 percent
Revenues fell short of wall street view by $ 3.09 million or 0.47 percent
Earnings increased 11.05 percent compared with the same quarter last year
Revenues lowered 11.78 percent versus third quarter of last year.
The President and Chief Executive Officer, Patrick J. Ottensmeyer, commented, Our service was tested this quarter with an unprecedented volume recovery and two hurricanes that struck the heart of our network. KCS responded by steadfastly executing the lessons learned in its Precision Scheduled Railroading (PSR) implementation, which included aligning resources with rapidly increasing demand while maintaining a keen focus on preserving efficiencies created from PSR principles.
