CN Rail's profit misses estimates due to higher costs [Reuters]
Canadian National Railway Company (CNI)
Last canadian national railway company earnings: 4/27 04:01 pm
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Source: Reuters
CN Rail's profit misses estimates due to higher costs | Reuters Reuters Staff 2 Min Read (Reuters) - Canadian National Railway Co ( CNR.TO ) ( CNI.N ) on Tuesday reported a lower-than-expected adjusted profit for the fourth quarter due to higher costs, sending the company’s shares down after the bell. Canada’s largest railroad said its net income surged to C$2.61 billion ($2.10 billion), or $C3.48 per share, from C$1.02 billion, or C$1.32 per share, a year earlier. That was due to an income tax gain of C$1.76 billion for the latest period. Excluding items, CN earned C$1.20 per share, missing analysts’ estimate of C$1.22, according to Thomson Reuters I/B/E/S. CN reported an operating ratio — operating costs as a percentage of revenue — of 57.4 percent for the quarter, higher than 56.2 percent last year. The lower the ratio, the more efficient the railroad. Montreal-based CN’s total revenue rose 2 percent to C$3.29 billion, marginally beating analysts’ estimates of C$3.27 billion. T
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CNI
News
- CN Announces Remi G. Lalonde as Chief Commercial OfficerGlobeNewswire
- What's in Store for Canadian National (CNI) in Q1 Earnings? [Yahoo! Finance]Yahoo! Finance
- Bill Gates Is Raking In Over $1.26 Million Per Day In Dividend Income. Here Are The 5 Stocks Paying Him The Most [Yahoo! Finance]Yahoo! Finance
- Canadian National Railway (NYSE: CNI) had its price target raised by analysts at Stifel Nicolaus from $121.00 to $134.00. They now have a "hold" rating on the stock.MarketBeat
- Canadian National Railway (NYSE: CNI) had its "hold" rating re-affirmed by analysts at Benchmark Co..MarketBeat
CNI
Earnings
- 1/23/24 - Beat
CNI
Sec Filings
- 4/8/24 - Form 6-K
- 4/5/24 - Form EFFECT
- 4/2/24 - Form 6-K
- CNI's page on the SEC website