Kansas City Southern Stock Rises on 1Q Earnings Beat

Kansas City Southern  (KSU) shares were up nearly 3% premarket Friday after the company reported earnings of $1.38 per share, well ahead of analysts' $1.16 per share expectations. 

Revenue for the period increased 8% year over year to $610 million, also beating Wall Street's $598.7 million forecast. 

"We all remain focused on operational improvements and longer-term growth drivers and are excited to see some of these opportunities, such as refined products movements, materialize in 2017," said CEO Patrick J. Ottensmeyer.

Kansas City Southern's stock is up nearly 7% year to date. 

(What will move markets this quarter and how should investors position themselves ahead of time? Jim Cramer sat down with four of TheStreet's top columnists recently to get their views. Click here to listen to his latest Trading Strategies roundtable with them and read their advice for stocks, bonds, forex and gold.)

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