Canadian National Railway Co (CNR.TO) reported a profit for its fourth quarter that increased from the same period last year and beat the Street estimates.
The company's earnings totaled C$1.42 billion, or C$2.10 per share. This compares with C$1.20 billion, or C$1.70 per share, in last year's fourth quarter.
Excluding items, Canadian National Railway Co reported adjusted earnings of C$1.42 billion or C$2.10 per share for the period.
Analysts on average had expected the company to earn C$2.08 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 21.1% to C$4.54 billion from C$3.75 billion last year.
Canadian National Railway Co earnings at a glance (GAAP) :
-Earnings (Q4): C$1.42 Bln. vs. C$1.20 Bln. last year.
-EPS (Q4): C$2.10 vs. C$1.70 last year.
-Analyst Estimate: C$2.08
-Revenue (Q4): C$4.54 Bln vs. C$3.75 Bln last year.
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