CN Rail on track for growth this year, despite Red Sea shipping obstacles: CEO [Financial Post (Toronto, Ontario, Canada)]
Canadian National Railway Company (CNI)
Last canadian national railway company earnings: 4/27 04:01 pm
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US:NYSE Investor Relations:
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Source: Financial Post
MONTREAL — A stable economic outlook and rising cargo demand bode well for Canadian National Railway Co. this year, executives said, despite the Red Sea crisis dampening container figures on the East Coast. “We're seeing momentum building,” CEO Tracy Robinson told analysts on a conference call Tuesday. “The team is gelling, the operation is performing and volumes are on the upswing.” Article content Article content Revenue dipped by one per cent year over year to $4.25 billion in CN's first quarter. Diluted earnings hit $1.72 per share, roughly on par with analysts' expectations, according to LSEG Data & Analytics. “This is right where we thought we'd be after three months,” Robinson said. In spite of a nearly 10-per-cent year-over-year drop in net income, the country's largest railroad operator reiterated its forecast of earnings per share growth of 10 per cent this year — the bulk of it coming in the second half of 2024 — and capital spending of about $3.5 billion. Th
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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
- Canadian Rail Workers Authorize Strike Vote [Yahoo! Finance]Yahoo! Finance
- Mike Henry, the Canadian boss of mining giant BHP, faces a reputational make-or-break takeover attempt [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Here Are My Top 4 TSX Stocks to Buy Right Now [Yahoo! Finance Canada]Yahoo! Finance Canada
- 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