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Stock Market & Financial Investment News

News Breaks
February 27, 2013
11:00 EDTKSUKansas City Southern rallying on Port Arthur talks, says Wells Fargo
Wells Fargo attributes the strength in shares Kansas City Southern to speculation that the company may be working on an agreement for construction of crude and chemical offloading and storage at its Port Arthur location. Wells notes that KSU owns around 500 acres in Port Arthur, Texas, and that discussions with a third party to construct storage facilities ended several years ago. The firm says the discussions appear to have been reignited with a different third party, leading to the rally in shares today. Wells thinks construction of such a facility at Port Arthur would be very beneficial to KSU and keeps an Outperform rating on the stock.
News For KSU From The Last 14 Days
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April 21, 2015
19:12 EDTKSUCanadian Pacific CEO says U.S. railways due for activist pressure, Reuters says
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09:30 EDTKSUKansas City Southern sees low-single-digit revenue growth in FY15
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09:22 EDTKSUOn The Fly: Pre-market Movers
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08:05 EDTKSUKansas City Southern reports Q1 adjusted EPS $1.03, consensus $1.08
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April 20, 2015
15:37 EDTKSUNotable companies reporting before tomorrow's open
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April 13, 2015
17:03 EDTKSURailroad operators under pressure after Norfolk Southern guidance
Shares of railroad operators are active after Norfolk Southern (NSC) provided first quarter guidance that came in below analysts' consensus estimates. The company provided Q1 EPS guidance of $1.00, below analysts' estimates of $1.27, on revenue of $2.6B, also below analysts' estimates of $2.69B. Norfolk Southern said revenue decreases reflect reductions in fuel surcharge revenue in each of NS' three commodity groups, continued reductions in coal volumes, and a lower average revenue per unit related to the mix of business. Lower overall expenses were aided by declining fuel expense but hurt by weather and service recovery costs. PEERS: Publicly traded companies in the railroad space include CSX (CSX), Canadian National (CNI), Canadian Pacific (CP), Genesee & Wyoming (GWR), Kansas City Southern (KSU), and Union Pacific (UNP). PRICE ACTION: Norfolk Southern is down 3.9%, CSX is down 2.2%, Canadian National is lower by 0.6% and Union Pacific is lower by 1.8% in after-hours trading.

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