January 23, 2015 9:16 AM | 1 min read |
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
(NYSE: KSU) reported a better-than-expected net profit for the fourth quarter.The Kansas City, Missouri-based company posted quarterly net income of $142 million, compared to $114 million, in the year-ago period. Its earnings per share surged to $1.28 from $1.03. Excluding non-recurring items, the company's earnings rose to $1.27 per share from $1.03 per share.Its revenue climbed to $642.5 million from $615.6 million. However, analysts were estimating earnings of $1.03 per share on revenue of $658.4 million.Automotive revenue surged 13% y/y in the quarter, while Chemicals & Petroleum revenue gained 9%. Energy revenue jumped 9%, while Intermodal revenue gained 8% in the fourth quarter. Industrial & Consumer revenue rose 1%, while Agriculture & Minerals revenue dropped 5% in the quarter.Operating income rose to $214 million from $196 million, while operating expenses widened to $429 million from $420 million.President and Chief Executive Officer David L. Starling said, “Looking ahead to 2015, we believe KCS is well-positioned to maintain its growth momentum driven by a strengthening economy and unique franchise opportunities. We expect to see positive developments in a wide-range of commodity groups, including automotive, intermodal, and chemical & petroleum products. And, while there is significant volatility in the energy markets, KCS anticipates volume growth in crude oil traffic originating in Canada and terminating at various Gulf locations. These exciting growth areas provide visibility to continued growth over the next decade.” Kansas City Southern shares fell 2.81% to $110.50 in pre-market trading.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.