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Kansas City Southern profit up 5.3% on higher chemical, petroleum shipments

Credit: REUTERS/EDGARD GARRIDO

U.S. railroad operator Kansas City Southern said on Friday its quarterly profit rose 5.3%, boosted by higher shipments in its chemical and petroleum business.

Oct 16 (Reuters) - U.S. railroad operator Kansas City Southern KSU.N said on Friday its quarterly profit rose 5.3%, boosted by higher shipments in its chemical and petroleum business.

Net income rose to $190.2 million, or $2.01 per share, in the third quarter ended Sept.30, from $180.6 million, or $1.81 per share, a year earlier.

Revenue fell to $659.6 million from $747.7 million.

(Reporting by Sanjana Shivdas in Bengaluru; Editing by Vinay Dwivedi)

((SanjanaSitara.Shivdas@thomsonreuters.com; within U.S. +1 646 223 8780, outside U.S. +91 80 6749 1642; Twitter: @SanjanaShivdas;))

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