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UPDATE: Genesee & Wyoming Posts Downbeat Q1 Profit

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Genesee & Wyoming (NYSE: GWR) reported a rise in its first-quarter profit.

Genesee & Wyoming's quarterly profit surged to $82.7 million, or $1.46 per share, from $22.2 million, or 0.52 per share, in the year-ago period. Excluding one-time items, it earned $0.87 per share.

Its revenue gained 81% to $375.2 million. However, analysts were expecting earnings of 0.89 per share on revenue of $384 million.

Genesee & Wyoming shares closed at $85.20 yesterday.

Posted-In: profitEarnings News

 

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