Canadian National (CNI) Q1 Earnings Beat Estimates, Sales Lag
CNICanadian National Railway pany(CNI) Zacks Investment Research·2024-04-25 21:56

Canadian National Railway Company (CNI) reported first-quarter 2024 earnings of 1.28pershare(C1.28 per share (C1.72), which surpassed the Zacks Consensus Estimate of 1.27.However,thebottomlinedeclined5.191.27. However, the bottom line declined 5.19% year over year. Revenues for the first quarter of 2024 were 3.15 billion (C4.25billion),whichmissedtheZacksConsensusEstimateof4.25 billion), which missed the Zacks Consensus Estimate of 3.16 billion. This reflects a decrease of 1.19%. The decline was mainly due to lower Freight revenue per RTM, while volumes remained flat. Volumes remained flat, mainly due ...