Kansas city southern reports strong fourth quarter and full-year 2019 results

Reports strong fourth quarter and full-year 2019 results.q4 earnings per share $1.30.q4 revenue $729.5 million versus refinitiv ibes estimate of $730.2 million.q4 earnings per share estimate $1.84 -- refinitiv ibes data.q4 operating expenses were $493.5 million, including $38.3 million of restructuring charges related to psr initiatives.qtrly carloads were down 1%, as declines in automotive and intermodal offset carload growth in all other business units.now expect to deliver a 60% to 61% operating ratio in 2020, and below 60% in 2021.improved outlook for eps growth to a mid-teens cagr from 2019 through 2021.reduced outlook for capital expenditures to about 17% of revenue through 2022.improved outlook for earnings per share growth to a mid-teens cagr from 2019 through 2021.quarterly operating ratio of 67.6%, compared with 63.1% in q4 2018.
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