MONTREAL QUEBEC, Quebec (AP) — MONTREAL QUEBEC, Quebec (AP) — Canadian National Railway Co. (CNI) on Tuesday reported second-quarter profit…
MONTREAL QUEBEC, Quebec (AP) — MONTREAL QUEBEC, Quebec (AP) — Canadian National Railway Co. (CNI) on Tuesday reported second-quarter profit of $847 million.
The Montreal Quebec, Quebec-based company said it had net income of $1.35 per share.
The results missed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.37 per share.
The railroad posted revenue of $3.09 billion in the period, which also did not meet Street forecasts. Eight analysts surveyed by Zacks expected $3.16 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CNI at https://www.zacks.com/ap/CNI
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