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Canadian National (CNI) Q4 Earnings Beat Estimates, Down Y/Y
Canadian National Railway Company’s CNI fourth-quarter earnings (excluding 3 cents from non-recurring items) of 95 cents per share (C$1.22) beat the Zacks Consensus Estimate by 4 cents. The bottom line, however, declined 15.9% year over year.
Although quarterly revenues of $2,715.5 million (C$3,584 million) surpassed the Zacks Consensus Estimate of $2,690 million, the same declined 5.8% year over year, primarily due to reduced volumes being shipped across all segments following the eight-day rail strike (Nov 19- 26). Lackluster freight demand also negatively impacted the top line. Notably, freight revenues, which contributed 95.1% to the top line, declined 5.4% in the quarter under review.
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https://finance.yahoo.com/news/canadian-...03330.html
![[Bild: CNIc1dl1608.png]](https://finviz.com/publish/012920/CNIc1dl1608.png)
Canadian National Railway Company’s CNI fourth-quarter earnings (excluding 3 cents from non-recurring items) of 95 cents per share (C$1.22) beat the Zacks Consensus Estimate by 4 cents. The bottom line, however, declined 15.9% year over year.
Although quarterly revenues of $2,715.5 million (C$3,584 million) surpassed the Zacks Consensus Estimate of $2,690 million, the same declined 5.8% year over year, primarily due to reduced volumes being shipped across all segments following the eight-day rail strike (Nov 19- 26). Lackluster freight demand also negatively impacted the top line. Notably, freight revenues, which contributed 95.1% to the top line, declined 5.4% in the quarter under review.
...
https://finance.yahoo.com/news/canadian-...03330.html
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