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Illinois Central Purchase Offsets Decline in Second-Quarter Net.(Originated from Traffic World)
CHICAGO--Jul. 22--Illinois Central reported a decline in second-quarter revenue but a slight increase in both operating and net income made possible by its June purchase of the parent of two smaller railroads.
Revenue for the quarter declined by 2 percent to $153.4 million from $156.5 million. Net income grew to $31.4 million, or 51 cents per share, from what would have been $29.6 million, equal to 47 cents per share, without an extraordinary charge related to debt refinancing. That charge reduced reported net income for last year's second quarter to $18.2 million, or 29 cents per share.
A $3.6 million drop in operating expenses enabled IC to hold operating ...
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...the prior year, Illinois Central reported net income of $38.6 million...61,300,000 Net income (loss) (51...38,600,000 Net income (loss) per share...March 17, 1989, Illinois Central was acquired by...
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- Press release article from: PR Newswire July 15, 1996 700+ words
...PRNewswire/ -- Illinois Central Corporation...today reported net income for the second...June 13, 1996, Illinois Central Corporation acquired...per share) to net income. Excluding CCP...months 1996, net income of $64.5 million...million last year. ...
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- Press release article from: PR Newswire October 14, 1996 700+ words
...PRNewswire/ -- Illinois Central Corporation...today reported net income for the third...June 13, 1996, Illinois Central Corporation acquired...per share) to net income. Excluding CCP...11.4) Net income $ 32.1 $ 29...7 63,157.7 ILLINOIS ...
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- Press release article from: PR Newswire April 15, 1997 700+ words
...PRNewswire/ -- Illinois Central Corporation (NYSE...today reported net income for the first quarter...taxes 20.3 19.8 Net income $33.9 $33.1 Net income per share $0...8 61,742.6 ILLINOIS CENTRAL CORPORATION AND...