CN: Q2 Earnings Snapshot
By AP News
Published - Jul 23, 2024, 04:21 PM ET
Last Updated - Jul 23, 2024, 04:21 PM EDT
MONTREAL QUEBEC, Quebec (AP) — MONTREAL QUEBEC, Quebec (AP) — Canadian National Railway Co. (CNI) on Tuesday reported second-quarter earnings of $814.2 million.
On a per-share basis, the Montreal Quebec, Quebec-based company said it had profit of $1.28. Earnings, adjusted for non-recurring costs, were $1.35 per share.
The results fell short of Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.41 per share.
The railroad posted revenue of $3.16 billion in the period, also missing Street forecasts. Nine analysts surveyed by Zacks expected $3.23 billion.
