Canadian National Railway Q4 2023 Adj EPS $2.02 Beats $1.99 Estimate, Sales $4.47M Miss $4.37B Estimate
Portfolio Pulse from Benzinga Newsdesk
Canadian National Railway (CNI) reported Q4 2023 adjusted earnings per share (EPS) of $2.02, surpassing the estimated $1.99. However, their sales of $4.47 million fell short of the expected $4.37 billion.
January 23, 2024 | 9:07 pm
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CNI's Q4 2023 adjusted EPS exceeded expectations, but sales significantly missed estimates.
While CNI's EPS beat may be viewed positively, the substantial miss in sales could raise concerns about revenue growth and operational efficiency, potentially offsetting the positive impact of the EPS beat. The mixed results could lead to a neutral short-term impact on the stock price as investors digest both the positive and negative aspects of the earnings report.
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IMPORTANCE 75
RELEVANCE 100