Trading-Stocks.de

Services | Railroads | Canada
Canadian National Rail profit beats on higher crude, grain shipments, raises dividend

This drove an about 50 percent jump in revenue in its petroleum and chemicals segment, which contains its crude-by-rail shipments. Overall revenue rose nearly 16 percent to C$3.81 billion ($2.87 billion).

...

The railroad operator said its quarterly operating ratio, which measures operating costs as a percentage of revenue, fell to 61.9 percent from 62.7 percent a year earlier. The lower the ratio, the more efficient the railroad.

Excluding one-time items, the railroad company earned C$1.49 per share, beating the analyst average estimate of C$1.47, according to IBES data from Refinitiv.

...

https://finance.yahoo.com/news/cn-rails-...ccounter=1

Canadian National (CNI) Q4 Earnings Beat Estimates, Down Y/Y

Canadian National Railway Company’s CNI fourth-quarter earnings (excluding 3 cents from non-recurring items) of 95 cents per share (C$1.22) beat the Zacks Consensus Estimate by 4 cents. The bottom line, however, declined 15.9% year over year.

Although quarterly revenues of $2,715.5 million (C$3,584 million) surpassed the Zacks Consensus Estimate of $2,690 million, the same declined 5.8% year over year, primarily due to reduced volumes being shipped across all segments following the eight-day rail strike (Nov 19- 26). Lackluster freight demand also negatively impacted the top line. Notably, freight revenues, which contributed 95.1% to the top line, declined 5.4% in the quarter under review.


...

https://finance.yahoo.com/news/canadian-...03330.html