Genesee & Wyoming Q2 Profit Tops View - Quick Facts

(RTTNews) - Genesee & Wyoming Inc. (GWR), which owns 120 freight railroads worldwide, Monday said its second-quarter net income fell to $52.84 million from $60.73 million in the second quarter of 2014. Earnings per share fell to $0.92 from $1.07.

Adjusted earnings per share was $0.93, while it totaled $1.12 last year. On average, 15 analysts polled by Thomson Reuters expected earnings of $0.91 per share for the quarter. Analysts' estimates typically exclude special items.

Operating revenues increased 30.8 percent to $542.2 million from $414.6 million in the second quarter of 2014. Analysts expected revenues of $543.65 million.

Jack Hellmann, President and CEO, said, "Our financial results for the second quarter of 2015 were consistent with our updated guidance. However, our results were disappointing with second quarter adjusted diluted earnings per share declining 17% versus last year."