🔥 Premium AI-powered Stock Picks from InvestingPro Now up to 50% OffCLAIM SALE

BRIEF-CN reports Q1 earnings per share of C$1.16

Published 2017-04-24, 04:12 p/m
© Reuters.  BRIEF-CN reports Q1 earnings per share of C$1.16
CNI
-

April 24 (Reuters) - Canadian National Railway Co CNR.TO :

* CN reports Q1-2017 net income of C$884 million, or C$1.16 per diluted share

* Q1 adjusted earnings per share C$1.15

* Q1 earnings per share C$1.16

* Q1 revenue rose 8 percent to C$3.206 billion

* Sees FY 2017 adjusted earnings per share C$4.95 to C$5.10

* Canadian National Railway Co - increased its 2017 capital program by C$100 million to C$2.6 billion

* Canadian National Railway -carloadings for quarter increased by nine per cent to 1,368 thousand, rail freight revenue per carload decreased by 1 percent

* Canadian National Railway Co qtrly operating ratio of 59.4 per cent, an increase of 0.5 of a point from prior-year quarter

* Qtrly revenue ton-miles increased by 14 per cent from year-earlier quarter

* Canadian National Railway - assumes 2017/2018 grain crops in both canada and united states will be in line with their respective five-year averages

* Says now assuming that North American industrial production for year will increase by approximately two per cent

* Canadian National Railway Co - now assumes total rtms in 2017 will increase by approximately 10 per cent versus 2016

* Canadian National Railway Co -assumes U.S. Housing starts in range of 1.25 million units and u.s. Motor vehicle sales of about 17.5 million units in FY

* Qtrly operating ratio of 59.4 per cent, an increase of 0.5 of a point from prior-year quarter

* FY2017 earnings per share view C$5.05 -- Thomson Reuters I/B/E/S Source text for Eikon: ID:nPn94Ph6Fa Further company coverage: CNR.TO

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.