Canadian National Railway Q1 EPS $1.28 Beats $1.25 Estimate, Sales $3.15B Beat $3.10B Estimate
Portfolio Pulse from mahesh@benzinga.com
Canadian National Railway (NYSE:CNI) reported Q1 earnings of $1.28 per share, surpassing the $1.25 estimate, and sales of $3.15B, exceeding the $3.10B estimate. This represents a slight decrease in both earnings and sales from the previous year.
April 23, 2024 | 9:21 pm
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Canadian National Railway reported higher-than-expected Q1 earnings and sales, with EPS at $1.28 and sales at $3.15B, beating estimates.
Beating both earnings and sales estimates typically has a positive impact on investor sentiment and can lead to a short-term increase in stock price. Despite the year-over-year declines, the fact that CNI exceeded analyst expectations suggests operational efficiency and could positively influence the stock in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100