Canadian National Railway: Q3 Earnings Insights

Shares of Canadian National Railway CNI moved lower by 2.71% in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share decreased 17.46% year over year to $1.04, which missed the estimate of $1.09.

Revenue of $2,559,000,000 declined by 12.09% year over year, which missed the estimate of $2,660,000,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

Canadian National Railway hasn't issued any revenue guidance for the time being.

Details Of The Call

Date: Oct 20, 2020

Time: 04:30 PM

ET Webcast URL: https://www.icastpro.ca/events/cn/q7wxes/2020/10/20/cn-third-quarter-2020-financial-and-operating-result

Recent Stock Performance

52-week high: $112.97

Company's 52-week low was at $65.13

Price action over last quarter: Up 15.53%

Company Description

Canadian National's railway spans Canada from coast to coast and extends through Chicago to the Gulf of Mexico. In 2019, CN delivered almost 6 million carloads over its 19,600 miles of track. CN generated roughly CAD 14 billion in total revenue by hauling intermodal containers (25% of consolidated revenue), petroleum and chemicals (21%), grain and fertilizers (16%), forest products (12%), metals and mining (11%), automotive shipments (6%), and coal (4%). Other items constitute the remaining revenue.

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Posted In: Earnings
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