MONTREAL QUEBEC, Quebec (AP) — MONTREAL QUEBEC, Quebec (AP) — Canadian National Railway Co. (CNI) on Friday reported second-quarter net income of $902.2 million.
On a per-share basis, the Montreal Quebec, Quebec-based company said it had profit of $1.49. Earnings, adjusted for non-recurring costs, were $1.50 per share.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.39 per share.
The railroad posted revenue of $3.43 billion in the period, also topping Street forecasts. Seven analysts surveyed by Zacks expected $3.26 billion.
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