CN: Q4 Earnings Snapshot

Associated Press Finance
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MONTREAL (AP) — MONTREAL (AP) — Canadian National Railway Co. (CNI) on Tuesday reported fourth-quarter profit of $1.56 billion.

The Montreal-based company said it had net income of $2.42 per share. Earnings, adjusted for non-recurring gains, came to $1.48 per share.

The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.46 per share.

The railroad posted revenue of $3.28 billion in the period, also exceeding Street forecasts. Seven analysts surveyed by Zacks expected $3.25 billion.

For the year, the company reported profit of $4.17 billion, or $6.32 per share. Revenue was reported as $12.47 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CNI at https://www.zacks.com/ap/CNI

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