Canadian National (CNI) Q1 Earnings Beat Estimates, Sales Lag [Yahoo! Finance]
Canadian National Railway Company (CNI)
Last canadian national railway company earnings: 4/27 04:01 pm
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Source: Yahoo! Finance
However, the bottom line declined 5.19% year over year. Revenues for the first quarter of 2024 were $3.15 billion (C$4.25 billion), which missed the Zacks Consensus Estimate of $3.16 billion. This reflects a decrease of 1.19%. The decline was mainly due to lower Freight revenue per RTM, while volumes remained flat. Volumes remained flat, mainly due to higher shipments of potash, refined petroleum products, frac sand, international intermodal and natural gas liquids, offset by lower shipments of coal, grain, forest products and crude oil. Freight revenue per RTM decreased, mainly due to lower fuel surcharge revenues and an increase in the average length of haul, partly offset by freight rate increases. Operating expenses for the first quarter of 2024 increased by 2% from the year-ago figure. The increase was mainly due to higher labor and fringe benefit expenses, driven by general wage increases and higher average headcount, partly offset by lower fuel prices. The operating i
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CNI
News
- Canadian National Railway (NYSE: CNI) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
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- CN, CPKC workers approve strike mandate as possible work stoppage looms [Yahoo! Finance Canada]Yahoo! Finance Canada
CNI
Earnings
- 4/23/24 - Beat
CNI
Sec Filings
- 5/1/24 - Form 6-K
- 4/26/24 - Form 6-K
- 4/26/24 - Form 6-K
- CNI's page on the SEC website