January 18, 2019 / 2:00 PM / a month ago

Kansas City Southern quarterly profit beats estimates

LOS ANGELES, Jan 18 (Reuters) - Regional railroad operator Kansas City Southern on Friday reported quarterly adjusted profit that topped Wall Street estimates, after revenue climbed 5 percent.

The company, which has extensive operations in Mexico, reported net income of $161.8 million, or $1.59 per share, down from $552.4 million, or $5.33 per share, a year earlier when it booked a large gain from the sweeping revamp of the U.S. tax code.

Excluding items, it earned $1.56 per share. Analysts, on average, expected a profit of $1.53 per share, according to Refinitiv IBES data. (Reporting by Lisa Baertlein in Los Angeles)

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