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Stock impact report

UPDATE 1-Canadian National Railway pulls 2020 forecast on coronavirus hit, maintains dividend [Reuters]

Canadian National Railway Company (CNI) 
Last canadian national railway company earnings: 4/27 04:01 pm Check Earnings Report
US:NYSE Investor Relations: cn.ca/en/investors
Company Research Source: Reuters
UPDATE 1-Canadian National Railway pulls 2020 forecast on coronavirus hit, maintains dividend (Adds details on dividend, background) April 27 (Reuters) - Canadian National Railway Co beat analysts’ estimates for first-quarter profit on Monday and said it plans to withdraw its full-year 2020 forecast following the COVID-19 pandemic. As the coronavirus outbreak slows economic growth and weighs on business activity, Canada’s largest railroad operator said it plans to maintain its previously announced 2020 dividend increase of 7%. Rail freight revenue rose marginally to C$3.42 billion in the reported quarter on higher petroleum and chemical shipments. Total carloads, the amount of freight loaded into cars during a specified period, fell 5.9%. Smaller rival Canadian Pacific Railway Ltd last week warned the pandemic would result in flat growth for the full-year and flagged rapidly slowing crude volumes. CN Rail’s operating ratio, a key metric for Wall Street, fell to 65.7% from 69.5%. A low Show less Read more
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