Investing.com - Canadian National Railway reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Canadian National Railway announced earnings per share of C$1.38 on revenue of C$3.41B. Analysts polled by Investing.com anticipated EPS of C$1.45 on revenue of C$3.48B.
Canadian National Railway shares are up 24.02% from the beginning of the year, still down 0.70% from its 52 week high of C$112.97 set on October 16. They are outperforming the EUR/USD which is down 0% from the start of the year.
Canadian National Railway follows other major Transportation sector earnings this month
Canadian National Railway's report follows an earnings missed by Delta Air Lines on October 13, who reported EPS of C$-3.3 on revenue of C$3.06B, compared to forecasts EPS of C$-3.04 on revenue of C$3.13B.
Kansas City Southern had beat expectations on Friday with third quarter EPS of C$1.96 on revenue of C$659.6M, compared to forecast for EPS of C$1.9 on revenue of C$660.57M.
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