Canadian National Railway Q3 2024 Adj. EPS CAD$1.72 Beats CAD$1.70 Estimate, Sales CAD$4.110B Miss CAD$4.115B Estimate
Portfolio Pulse from Benzinga Newsdesk
Canadian National Railway (NYSE:CNI) reported Q3 2024 earnings per share of CAD$1.72, surpassing the estimate of CAD$1.70. However, sales of CAD$4.110 billion slightly missed the expected CAD$4.115 billion. Sales increased by 38.29% compared to the same period last year.
October 22, 2024 | 8:06 pm
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Canadian National Railway's Q3 2024 earnings per share exceeded expectations, but sales slightly missed estimates. Despite the sales miss, there was a significant year-over-year sales increase.
The earnings per share beat suggests positive operational performance, which is likely to have a positive impact on the stock price. The slight miss in sales is overshadowed by the significant year-over-year growth, indicating strong business momentum.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100