CN: Q1 Earnings Snapshot
By AP News
Published - Apr 23, 2024, 04:30 PM ET
Last Updated - Apr 24, 2024, 03:24 AM EDT
MONTREAL QUEBEC, Quebec (AP) — MONTREAL QUEBEC, Quebec (AP) — Canadian National Railway Co. (CNI) on Tuesday reported first-quarter profit of $818.2 million.
On a per-share basis, the Montreal Quebec, Quebec-based company said it had net income of $1.28.
The results topped Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.27 per share.
The railroad posted revenue of $3.15 billion in the period, missing Street forecasts. Nine analysts surveyed by Zacks expected $3.16 billion.
