MONTREAL QUEBEC, Quebec (AP) 鈥� MONTREAL QUEBEC, Quebec (AP) 鈥� Canadian National Railway Co. (CNI) on Wednesday reported first-quarter profit of $835.4 million.
The Montreal Quebec, Quebec-based company said it had net income of $1.36 per share. Earnings, adjusted for non-recurring gains, were $1.31 per share.
The results matched Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was also for earnings of $1.31 per share.
The railroad posted revenue of $3.19 billion in the period, exceeding Street forecasts. Seven analysts surveyed by Zacks expected $3.17 billion.
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