October 19, 2018 / 12:11 PM / a month ago

Kansas City Southern profit rises 34 percent

Oct 19 (Reuters) - Regional U.S. railroad Kansas City Southern reported a 34 percent rise in quarterly profit on Friday, boosted by strength in its automotive, chemicals and petroleum segments.

Net income available to shareholders rose to $173.5 million, or $1.70 per share, in the third quarter ended Sept. 30, from $129.2 million, or $1.23 per share, a year earlier.

Revenue rose 6.5 percent to $699 million. (Reporting by Rachit Vats in Bengaluru; Editing by Maju Samuel)

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