UPDATE: Genesee & Wyoming Posts Upbeat Q1 Profit

Genesee & Wyoming Inc GWR reported better-than-expected first-quarter earnings. Genesee & Wyoming's quarterly net income came in at $22.2 million, or $0.52 per share. Its revenue climbed 8% to $207.4 million. However, analysts were expecting earnings of $0.49 per share on revenue of $202.9 million. Genesee & Wyoming shares closed at $53.91 yesterday.