Canadian National Railway Earnings, Revenue Beat in Q2
2022.07.27 02:02
Canadian National Railway Earnings, Revenue Beat in Q2
Investing.com – Canadian National Railway (TSX:CNR) reported on Tuesday second quarter earnings that beat analysts’ forecasts and revenue that topped expectations.
Canadian National Railway announced earnings per share of C$1.93 on revenue of C$4.34B. Analysts polled by Investing.com anticipated EPS of C$1.75 on revenue of C$4.08B.
Canadian National Railway shares are down 2% from the beginning of the year, still down 14.88% from its 52 week high of C$137.19 set on March 30. They are outperforming the S&P 500 which is down 17.73% from the start of the year.
Canadian National Railway shares gained 15.89% 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$3.29 on revenue of C$24.77B, compared to forecasts EPS of C$3.16 on revenue of C$24.65B.
Union Pacific had beat expectations on Thursday with second quarter EPS of C$2.93 on revenue of C$6.27B, compared to forecast for EPS of C$2.84 on revenue of C$6.12B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
