RailAmerica Inc. nearly doubled its 2010 earnings last year.
Net income for fiscal 2011 was $36.9 million, or 70 cents per diluted share, compared with net income of $19.1 million, or 35 cents per diluted share, in 2010.
The Jacksonville-based railroad company managed the feat despite its fourth quarter 2011 numbers falling short of the year before. RailAmerica (NYSE: RA) earned net income of $15 million in the fourth quarter of 2011, or 29 cents per diluted share, compared with $17.9 million, or 33 cents per diluted share, in the fourth quarter of 2010...
