Kansas City Southern quarterly profit beats

April 17 (Reuters) - U.S. railroad operator Kansas City Southern reported a better-than-expected quarterly profit, boosted by an increase in refined product shipments to Mexico.

Net income available to common stockholders fell to $102.7 million, or $1.02 per share, in the first quarter ended March 31, from $144.4 million, or $1.40 per share, a year earlier.

On an adjusted basis, Kansas City earned $1.54 per share, beating the average analysts' estimate of $1.44 per share, according to IBES data from Refinitiv.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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