Investing.com - Canadian National Railway reported on Monday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Canadian National Railway announced earnings per share of C$1.22 on revenue of C$3.55B. Analysts polled by Investing.com anticipated EPS of C$0.77 on revenue of C$3,489M. That with comparison to EPS of C$1.17 on revenue of C$3.54B in the same period a year before. Canadian National Railway had reported EPS of C$1.25 on revenue of C$3.58B in the previous quarter. Analysts are expecting EPS of C$1.33 and revenue of C$3,450M in the upcoming quarter.
Canadian National Railway shares are down 10.56% from the beginning of the year , still down 16.19% from its 52 week high of C$96.53 set on January 21. They are under-performing the EUR/USD which is down 0% year to date.
Canadian National Railway shares lost 0.43% in after-hours trade following the report.
Canadian National Railway follows other major Transportation sector earnings this month
Canadian National Railway's report follows an earnings beat by Union Pacific on Thursday, who reported EPS of C$2.15 on revenue of C$5.23B, compared to forecasts EPS of C$1.9 on revenue of C$5.11B.
CSX had beat expectations on Wednesday with first quarter EPS of C$1 on revenue of C$2.86B, compared to forecast for EPS of C$0.94 on revenue of C$2.87B.
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