Canadian National Railway (USA) (CNI) reported quarterly earnings results on Monday, Jul-25-2016. The company said it had a profit of $1.11 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.07. Analysts had a consensus of $1.04. The company posted revenue of $2842.00 million in the period, compared to analysts expectations of $2896.90 million. The company’s revenue was down -9.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.15 EPS.
Many Wall Street Analysts have commented on Canadian National Railway (USA). Argus Initiated Canadian National Railway (USA) on Jun 21, 2016 to “Buy”, Price Target of the shares are set at $73.Canadian National Railway (USA) was Initiated by Credit Agricole to “Sell” on May 19, 2016.
Canadian National Railway (USA) opened for trading at $62.43 and hit $63.77 on the upside on Wednesday, eventually ending the session at $63.63, with a gain of 1.68% or 1.05 points. The heightened volatility saw the trading volume jump to 11,84,743 shares. Company has a market cap of $49,657 M.
Canadian National Railway Company (CN) is engaged in the rail and related transportation business. CN’s network and connections to all Class I railroads provide its customers with access to all three North American Free Trade Agreement (NAFTA) nations. CN derives its freight revenue from seven commodity groups representing a portfolio of goods transported between a range of origins and destinations. The Company’s network of approximately 20000 route miles of track spans Canada and mid-America from the Atlantic and Pacific oceans to the Gulf of Mexico serving the ports of Vancouver Prince Rupert (British Columbia) Montreal Halifax New Orleans and Mobile (Alabama) and the metropolitan areas of Toronto Buffalo Chicago Detroit Duluth (Minnesota)/Superior (Wisconsin) Green Bay (Wisconsin) Minneapolis/St. Paul Memphis and Jackson (Mississippi) with connections to all points in North America.