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CN: 2Q Earnings Snapshot

July 23, 2019

MONTREAL (AP) _ Canadian National Railway Co. (CNI) on Tuesday reported second-quarter profit of $1.02 billion.

On a per-share basis, the Montreal-based company said it had profit of $1.41. Earnings, adjusted for pretax gains, were $1.29 per share.

The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.26 per share.

The railroad posted revenue of $2.96 billion in the period, which fell short of Street forecasts. Six analysts surveyed by Zacks expected $3 billion.

CN expects full-year earnings to be $4.11 per share.

CN shares have increased 23% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $91.06, a climb of 6.5% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CNI at https://www.zacks.com/ap/CNI

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