Canadian National Railway Earnings Miss, Revenue Beats In Q1
2022.04.27 00:57
Canadian National Railway Earnings Miss, Revenue Beats In Q1
Investing.com – Canadian National Railway (TSX:CNR) reported on Tuesday first quarter earnings that missed analysts’ forecasts and revenue that topped expectations.
Canadian National Railway announced earnings per share of C$1.32 on revenue of C$3.71B. Analysts polled by Investing.com anticipated EPS of C$1.4 on revenue of C$3.67B.
Canadian National Railway shares are down 3.42% from the beginning of the year, still down 10.74% from its 52 week high of C$137.19 set on March 30. They are outperforming the Nasdaq which is down 20.16% from the start of the year.
Canadian National Railway shares lost 2.74% in after-hours trade following the report.
Canadian National Railway follows other major Industrials sector earnings this month
Canadian National Railway’s report follows an earnings beat by United Parcel Service on Tuesday, who reported EPS of C$3.05 on revenue of C$24.56B, compared to forecasts EPS of C$2.89 on revenue of C$23.82B.
Raytheon Technologies had beat expectations on Tuesday with first quarter EPS of C$1.15 on revenue of C$15.72B, compared to forecast for EPS of C$1.01 on revenue of C$15.88B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
