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Kansas City Southern Q2 profit falls YOY

Kansas City Southern said its normalized net income for the second quarter came to 91 cents per share, compared with the S&P Capital IQ consensus estimate of $1.02 per share.

EPS declined 20.8% year over year from $1.16.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $101.1 million, a decline of 20.7% from $127.5 million in the year-earlier period.

The normalized profit margin dropped to 17.3% from 19.6% in the year-earlier period.

Total revenue decreased 9.8% year over year to $585.8 million from $649.7 million, and total operating expenses fell 8.4% year over year to $399.0 million from $435.5 million.

Reported net income declined 14.3% from the prior-year period to $111.6 million, or $1.01 per share, from $130.3 million, or $1.18 per share.