Kansas city southern reports strong first quarter results

Reports strong first quarter results.q1 earnings per share $1.58.q1 revenue $731.7 million versus refinitiv ibes estimate of $716.2 million.q1 earnings per share estimate $1.78 -- refinitiv ibes data.q1 operating expenses were $442.9 million, including $6.0 million of restructuring charges related to psr initiatives.kcs is withdrawing previously provided revenue, volume, operating ratio and earnings per share guidance.qtrly reported operating ratio was 60.5%; on an adjusted basis, operating ratio was 59.7%.targeting $500.0 million or more of free cash flow in 2020.guidance for 2021 and 2022 capital expenditures remains at about 17% of revenue."financial profile has never been stronger with ample liquidity and a favorable debt maturity schedule".qtrly adjusted earnings per share $1.96.qtrly carload volumes were up 4% compared to prior year.
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