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Stock Market & Financial Investment News

News Breaks
January 24, 2014
10:56 EDTKSU, UNP, NSC, CPRailroads sink after Kansas City Southern results miss expectations
Shares of railroad operators are falling after one of the companies in the sector, Kansas City Southern (KSU), reported weaker than expected results earlier today. WHAT'S NEW: Kansas City Southern's fourth quarter earnings per share came in at $1.03, well below the consensus estimate of $1.10. The company's revenue was slightly below expectations. Kansas City Southern identified weak coal volumes and challenging weather as the main causes of its miss. WHAT'S NOTABLE: Yesterday the NTSB recommended that the government impose stricter regulations on the transportation of crude oil by trains. The agency said it was concerned that accidents involving trains transporting crude oil could cause "major loss of life, property damage and environmental consequences." Also yesterday, another railroad operator, Union Pacific (UNP), reported stronger than expected fourth quarter results. The company noted that its overall freight volume had increased 7% last quarter, driven by core pricing gains. Union Pacific did, however, report that its coal revenue had dropped 1% in the fourth quarter, compared with the same period in 2012. PRICE ACTION: In mid-morning trading, Kansas City Southern tumbled 14.7% to $100, Union Pacific lost 0.7% to $173, Norfolk Southern (NSC) dropped 2.5% to $91.30, and Canadian Pacific (CP) declined 2.4% to $144.50.
News For KSU;UNP;NSC;CP From The Last 14 Days
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September 29, 2014
18:18 EDTCPCanadian Pacific raises share repurchase authorization to 8% from 3%
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September 25, 2014
06:39 EDTCPCanadian Pacific to host two day investor meeting
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September 22, 2014
10:30 EDTNSCNorfolk Southern September weekly volatility elevated into investor meeting
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07:25 EDTKSUCitigroup to hold a conference
Industrials Conference to be held in Boston on September 22-24.
September 18, 2014
10:55 EDTNSCNorfolk Southern to host investor and analyst meeting
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September 17, 2014
07:39 EDTCPMorningstar to hold a conference
Management Behind the Moat Conference to be held in Chicago on September 17-18.

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