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Services | Railroads | Canada
Canadian National Rail profit beats on higher crude, grain shipments, raises dividend
This drove an about 50 percent jump in revenue in its petroleum and chemicals segment, which contains its crude-by-rail shipments. Overall revenue rose nearly 16 percent to C$3.81 billion ($2.87 billion).
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The railroad operator said its quarterly operating ratio, which measures operating costs as a percentage of revenue, fell to 61.9 percent from 62.7 percent a year earlier. The lower the ratio, the more efficient the railroad.
Excluding one-time items, the railroad company earned C$1.49 per share, beating the analyst average estimate of C$1.47, according to IBES data from Refinitiv.
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https://finance.yahoo.com/news/cn-rails-...ccounter=1
![[Bild: CNIc1dl0348.png]](https://finviz.com/publish/013019/CNIc1dl0348.png)
Canadian National Rail profit beats on higher crude, grain shipments, raises dividend
This drove an about 50 percent jump in revenue in its petroleum and chemicals segment, which contains its crude-by-rail shipments. Overall revenue rose nearly 16 percent to C$3.81 billion ($2.87 billion).
...
The railroad operator said its quarterly operating ratio, which measures operating costs as a percentage of revenue, fell to 61.9 percent from 62.7 percent a year earlier. The lower the ratio, the more efficient the railroad.
Excluding one-time items, the railroad company earned C$1.49 per share, beating the analyst average estimate of C$1.47, according to IBES data from Refinitiv.
...
https://finance.yahoo.com/news/cn-rails-...ccounter=1
