08:13:59 EDT Sat 04 May 2024
Enter Symbol
or Name
USA
CA



Canadian National Railway Company
Symbol CNR
Shares Issued 638,689,622
Close 2024-04-23 C$ 176.79
Market Cap C$ 112,913,938,273
Recent Sedar Documents

Globe/CP say CN profits fall as container revenue slips

2024-04-24 08:15 ET - In the News

The Globe and Mail reports in its Wednesday, April 24, edition that Canadian National Railway says earnings slid last quarter amid higher labour costs and lower revenue from container shipments. A Canadian Press dispatch to The Globe reports that the country's largest railroad operator is reporting that net income fell nearly 10 per cent to $1.1-billion in the three months ended March 31 compared with $1.22-billion in the same period a year earlier. The Montreal-based company says first quarter revenue dipped by about 1 per cent to $4.25-billion from $4.31-billion the previous year. CN says diluted earnings fell more than 5 per cent to $1.72 a share from $1.82 a share, about on par with analysts' expectations of $1.73 a share, according to LSEG Data & Analytics. Chief executive officer Tracy Robinson says the company's growth opportunities are taking shape as the economy starts to ramp back up. CN also says its board approved a second quarter dividend of 84.5 cents a share that will be paid on June 28.

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