UPDATE: Genesee & Wyoming Posts Downbeat Q3 Profit
Genesee & Wyoming (NYSE: GWR) posted a profit in the third quarter.
Genesee & Wyoming swung to a quarterly profit of $65.7 million, or $1.16 per share, versus a year-ago loss of $19.6 million, or $0.47 per share. Excluding one-time items, it earned $1.19 per share.
Its operating revenue surged 80% to $401.4 million from $222.7 million. However, analysts were projecting earnings of $1.22 per share on sales of $403.1 million.
Genesee & Wyoming shares closed at $99.84 yesterday.
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