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.
