UPDATE: Genesee & Wyoming Posts Upbeat Q3 Results
Genesee & Wyoming (NYSE: GWR) posted a loss in the third quarter.
Genesee & Wyoming posted a quarterly loss of $19.6 million, or $0.47 per share, versus a year-ago profit of $32.9 million, or $0.77 per share, in the year-ago period. Excluding charges, it earned $0.74 per share.
Its revenue rose 2.5% to $222.7 million. However, analysts were expecting earnings of $0.69 per share on revenue of $220 million.
Its operating margin declined to 23.7% from 25.8%, while same-railroad traffic fell 8%.
Genesee & Wyoming shares closed at $71.49 on Friday.
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