Kansas City Southern Falls Most Since 2008 After Miss
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Kansas City Southern, the operator of U.S. and Mexico rail lines, tumbled the most in more than five years after fourth-quarter profit and sales missed analysts’ estimates as coal shipments declined.
Energy revenue slid 17 percent, chiefly because of dwindling coal loads, the Kansas City, Missouri-based company said today in a statement. Earnings of $1.03 a share on $615.6 million in sales trailed the $1.09 average of 19 estimates compiled by Bloomberg. The sales projection was $618.6 million.