New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 24, 2014
10:56 EDTNSC, UNP, CP, KSURailroads 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
Sign up for a free trial to see the rest of the stories you've been missing.
August 31, 2015
17:07 EDTCPCanadian Pacific amends share repurchase program
Subscribe for More Information
August 27, 2015
10:00 EDTKSUOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
07:11 EDTKSUKansas City Southern upgraded on valuation at Stifel
Subscribe for More Information
05:18 EDTKSUKansas City Southern upgraded to Hold from Sell at Stifel
Subscribe for More Information
August 25, 2015
10:10 EDTKSUHigh option volume stocks
Subscribe for More Information
August 20, 2015
10:00 EDTUNPOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
10:00 EDTKSUOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
06:52 EDTUNPUnion Pacific downgraded to Neutral from Outperform at Macquarie
Macquarie downgraded Union Pacific to Neutral and lowered its price target to $95 form $105. The firm believes upcoming gas capacity will pressure rail growth in 2017-2018 and displaced coal volumes will be hard to overcome.
06:52 EDTKSUKansas City Southern upgraded to Outperform from Neutral at Macquarie
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the theflyonthewall.com disclaimer & terms of use