Canadian National (CNI) Stock Down 2.2% Despite Q4 Earnings Beat
CNICanadian National Railway pany(CNI) Zacks Investment Research·2024-01-27 00:06

Canadian National Railway Company (CNI) reported solid fourth-quarter 2023 results, wherein both earnings and revenues beat the Zacks Consensus Estimate. However, the solid results failed to impress investors as CNI fell 2.2% since its earnings release. Quarterly earnings per share (EPS) of 1.48(C1.48 (C3.29) (excluding 94 cents from non-recurring items) beat the Zacks Consensus Estimate of 1.46butdeclined4.51.46 but declined 4.5% year over year. Quarterly revenues of 3,284.4 million (C$4,471 million) surpassed the Zacks Conse ...