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(From AFX Europe (Focus))
KANSAS CITY, Mo. (AFX) - Railroad operator Kansas City Southern said Tuesday its fourth-quarter profit rose sharply, as the company charged higher prices and hauled more freight, especially coal.
Quarterly earnings available to common shareholders increased to $35.7 million, or 41 cents per share, from $2.3 million, or 3 cents per share during the same period in 2005, when hurricanes affected results. Revenue improved by 14 percent to $442.4 million from $388.1 million.
Analysts polled by Thomson Financial forecast a profit of 33 cents per share on revenue of $414 million.
Revenue from the company's coal shipments …