Investing.com - Canadian National Railway reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Canadian National Railway announced earnings per share of C$1.28 on revenue of C$3.21B. Analysts polled by Investing.com anticipated EPS of C$0.92 on revenue of C$3,249M.
Canadian National Railway shares are up 5% from the beginning of the year , still down 1.63% from its 52 week high of C$97.18 set on July 21. They are outperforming the S&P Global (NYSE:SPGI) 100 which is up 3.23% from the start of the year.
Canadian National Railway follows other major Transportation sector earnings this month
Canadian National Railway's report follows an earnings beat by FedEx on June 30, who reported EPS of C$2.53 on revenue of C$17.4B, compared to forecasts EPS of C$1.58 on revenue of C$16.41B.
Delta Air Lines had missed expectations on July 14 with first quarter EPS of C$-4.43 on revenue of C$1.47B, compared to forecast for EPS of C$-4.16 on revenue of C$1.42B.
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