Kansas City Southern said its first-quarter normalized net income amounted to 91 cents per share, compared with the S&P Capital IQ consensus estimate of $1.07 per share.
EPS declined 10.4% year over year from $1.01.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $100.3 million, a decrease of 10.3% from $111.9 million in the prior-year period.
The normalized profit margin dropped to 16.6% from 18.4% in the year-earlier period.
Total revenue totaled $603.1 million, compared with $607.4 million in the prior-year period, and total operating expenses came to $415.3 million, compared with $417.5 million in the year-earlier period.
Reported net income rose 7.2% from the prior-year period to $100.6 million, or 91 cents per share, from $93.8 million, or 85 cents per share.
