Kansas City Southern (KSU-NYSE, $122.72) Updates 2014 Guidance

At the Citi Industrial Conference held on September 23rd 2014, KSU’s presentation indicated that revenue growth forecast for the year could now be in the 10% range. This represented a further update from the guidance issued on September 16th that suggested revenue growth in the high single digits.

A resumption of double digit growth from shipments at the port of Lazaro Cardenas and a resumption of oil transport were indicated to be the drivers of volumes and volumes, over the prior update.

Revenues for 2014 now appear likely to surpass $2.6 billion US.

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