|
|
Article: ILLINOIS CENTRAL CORPORATION; SECOND QUARTER EARNINGS PER SHARE UP 9 PERCENT
- Article from:
- PR Newswire
- Article date:
- July 15, 1996
CopyrightCOPYRIGHT 1996 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
CHICAGO, July 15 /PRNewswire/ -- Illinois Central Corporation (NYSE: IC) today reported net income for the second quarter ended June 30, 1996, of $31.4 million ($.51 per share) compared to second quarter 1995 income of $29.6 million ($.47 per share) before an extraordinary charge for the refinancing of debt last year.
Second quarter 1996 revenues were $153.4 million, down 2 percent compared to $156.5 million for 1995. Second quarter 1996 operating expenses of $97 million were down 3.6 percent resulting in an operating ratio of 63.2 percent, a 1.1 percentage point improvement compared to second quarter 1995. Operating income for the 1996 second quarter of $56.4 ...