Market Intelligence

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.

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