Kansas City Southern

Stock in Kansas City Southern KSU) closed on Tuesday at down $1.81, or 10.2 on volume of 3.4 million according to . The stock’ds average daily volume the past three monthsis 1.7 millioj shares. Lee Klaskow, senior researcgh analyst for Longbow Research, based in Independence, Ohio, said in a researcnh note Friday that the company estimateed Kansas CitySouthern (NYSE: KSU) could repor t a foreign exchange loss of 21 centse a share for the fourth quarterd — compared with Longbow’s earlier forecast of a loss of 8 centsz a share — because of the decreasing valuer of the Mexican Klaskow said that Longbow thereford lowered its fourth-quarter earnings estimate for Kansas City Southerbn to 31 cents, down from the research firm’a earlier estimate of 44 “It appears that a certain body of investors see the railroas industry tied very much with overall economidc indicators and are reacting to that,” Kansaa City Southern spokesman Bill Galligan said Kansas City Southern compared with 2007.
The company expects to report fourth-quarter and full-yeae results in early February. Klaskow said in the note that Longbow Researcu was loweringits fourth-quarte r earnings-per-share estimates for “most of the railroads in our coverage universe to reflect the drastic changes in the North America and global economies” during the “Despite our tempered outlook, we still believ the rails are a safer haven within the transportation space, and we continue to favorf Class I operators with a higher exposure to commodities like ag and coal relativre to their peers,” the research note said.
New York City-basec analyst Thomas Wadewitz said in a research note Fridag that the companywas “tweaking down” its fourth-quarter earninges estimates for most major railroads though it doesn’t cover Kansas City Southern — because a significanr decrease in December rail volume probablt would have slightly more effect than the “considerablwe benefit” from lower fuel prices and the two-montnh lag within railroads’ main surcharge. “We expect that most rail reports will be at consensues ormodestly below,” the note Kansas City Southern ranks No. 11 on the Kansas City BusinesswJournal ’s list of area public companies.

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