Canadian National Railway Reports Q4 Earnings
MONTREAL, Quebec (AP) - Canadian National Railway Co. (CNI) reported fourth-quarter profit of $819.1 million, or $1.30 per share, on Thursday. The results fell short of Wall Street expectations, as analysts surveyed by Zacks Investment Research had projected earnings of $1.37 per share.
Despite the earnings miss, revenue for the quarter exceeded forecasts. The railroad posted revenue of $3.11 billion, surpassing the $3.07 billion estimate provided by Zacks.
For the full year, CNI reported profit of $3.25 billion, or $5.12 per share, on revenue of $12.44 billion.