Genesee & Wyoming Inc. (NYSE:GWR) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 1%.
Genesee & Wyoming Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 6.76% to $0.79 in the quarter versus EPS of $0.76 in the year-earlier quarter.
Revenue: Rose 8.04% to $227.3 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Genesee & Wyoming Inc. reported adjusted EPS income of $0.79 per share. By that measure, the company missed the mean analyst estimate of $0.81. It beat the average revenue estimate of $222.83 million.
Quoting Management: Jack Hellmann, President and CEO of GWI, commented, “G&W’s financial results for the fourth quarter of 2012 were consistent with our expectations. Our fourth quarter revenues increased 8%, our adjusted operating income increased 28% and our adjusted operating ratio improved 4.0 percentage points to 74.6%. In Australia, where our grain traffic was unusually low due to now-fixed mechanical issues in the Adelaide Outer Harbor, we nevertheless reported an adjusted operating ratio of 70.0% due to the smooth start-up of iron ore shipments from a new mine. Meanwhile, RailAmerica’s fourth quarter financial results were solid while it was held in a voting trust, contributing adjusted equity earnings of $19.1 million.”
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