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Kansas City Southern beats 4Q profit forecasts

Kansas City Southern on Friday reported fourth-quarter earnings of $141 million.

The Kansas City, Missouri-based company said it had net income of $1.28 per share. Earnings, adjusted for non-recurring gains, came to $1.27 per share.

The results topped Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.23 per share.

The railroad company posted revenue of $642.5 million in the period, falling short of Street forecasts. Analysts expected $658.4 million, according to Zacks.

For the year, the company reported profit of $502.6 million, or $4.55 per share. Revenue was reported as $2.58 billion.

Kansas City Southern shares have dropped almost 7 percent since the beginning of the year, while the Standard & Poor's 500 index has stayed nearly flat. The stock has dropped roughly 3 percent in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KSU at http://www.zacks.com/ap/KSU.