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CN: 4Q Earnings Snapshot

January 28, 2020 GMT

MONTREAL (AP) _ Canadian National Railway Co. (CNI) on Tuesday reported fourth-quarter profit of $661.4 million.

On a per-share basis, the Montreal-based company said it had profit of 92 cents. Earnings, adjusted for non-recurring costs, were 95 cents per share.

The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 91 cents per share.

The railroad posted revenue of $2.72 billion in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $2.69 billion.

For the year, the company reported profit of $3.19 billion, or $4.42 per share. Revenue was reported as $11.3 billion.

CN shares have climbed 4% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $94.08, a climb of 12% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CNI at https://www.zacks.com/ap/CNI