Canadian National Railway Q3 Adj EPS $1.26 Beats $1.25 Estimate, Sales $2.97B Beat $2.96B Estimate
Portfolio Pulse from Benzinga Newsdesk
Canadian National Railway (NYSE:CNI) reported Q3 adjusted earnings of $1.26 per share, beating the analyst consensus estimate of $1.25 by 0.8 percent. However, this is a 22.7 percent decrease from the same period last year. The company also reported quarterly sales of $2.97 billion, beating the analyst consensus estimate of $2.96 billion by 0.41 percent, but this is a 14.10 percent decrease from the same period last year.
October 24, 2023 | 8:10 pm
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Canadian National Railway's Q3 earnings and sales beat estimates but are down from the same period last year. This mixed result could lead to uncertain short-term price movements.
While Canadian National Railway beat analyst estimates for Q3, both earnings and sales are down significantly from the same period last year. This mixed result could lead to uncertainty among investors, potentially causing short-term price volatility.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100