Canadian National Railway (CNI) Reports In-Line Q1 EPS, Updates Guidance

Canadian National Railway (NYSE: CNI) reported Q1 EPS of Cdn$1.00, in-line with the analyst estimate of Cdn$1.00. Revenue for the quarter came in at Cdn$3.19 billion versus the consensus estimate of Cdn$3.15 billion.

GUIDANCE:

Canadian National Railway sees FY2018 EPS of Cdn$5.10-Cdn$5.25.

Revised 2018 financial outlook (2)Due to weaker than expected RTMs in the first quarter and a longer than anticipated construction period needed for significant infrastructure capacity projects in 2018, CN now aims to deliver 2018 adjusted diluted EPS in the range of C$5.10 to C$5.25 versus last year’s adjusted diluted EPS of C$4.99 (compared to its initial financial outlook, which called for adjusted diluted EPS in the range of C$5.25 to C$5.40 this year).

For earnings history and earnings-related data on Canadian National Railway (CNI) click here.

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