Canadian National (CNI) Q2 Earnings & Revenues Miss Estimates
CNICanadian National Railway pany(CNI) ZACKS·2024-07-24 23:35

Canadian National Railway Company (CNI) reported second-quarter 2024 earnings (excluding 7 cents from non-recurring items) of 1.35pershare(C1.35 per share (C1.84), which missed the Zacks Consensus Estimate of 1.41.However,thebottomlineimproved3.051.41. However, the bottom line improved 3.05% year over year.Revenues for the second quarter of 2024 were 3.16 billion (C4.33billion),whichlaggedtheZacksConsensusEstimateof4.33 billion), which lagged the Zacks Consensus Estimate of 3.23 billion. However, this reflects an increase of 4.75% year over year, driven by higher volumes.Volumes (carloads) increased 4% ...