CN Says Its Operations Have Recovered Following Several Months Of Labor Uncertainty; Adjusts Its 2024 Guidance And Long-Term Financial Outlook
Portfolio Pulse from Benzinga Newsdesk
CN has recovered from labor uncertainties and adjusted its 2024 guidance, now expecting low single-digit EPS growth due to labor issues and wildfires. The long-term outlook for 2024-2026 targets high single-digit EPS growth.
September 10, 2024 | 10:03 pm
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CN has recovered operationally from labor issues and wildfires, but has revised its 2024 EPS growth guidance to low single digits. The long-term outlook for 2024-2026 is now high single-digit EPS growth.
CN's operational recovery is positive, but the revision of 2024 EPS growth guidance to low single digits due to labor issues and wildfires is a negative short-term indicator. The long-term outlook is more positive, but immediate investor sentiment may be cautious.
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