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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
Check below for free stories on KSU;UNP;NSC;CP the last two weeks.
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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.
September 16, 2014
13:53 EDTKSUKansas City Southern raises FY14 EPS to high teens growth from mid-teens growth
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September 15, 2014
07:42 EDTKSUMorgan Stanley to hold a conference
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September 9, 2014
14:14 EDTCPCanadian Pacific, TCRC-RCTC ratify six-year labor agreement
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