Canadian National Railway (CNI) Tops Q1 EPS by 8c; Trims FY16 Outlook

Canadian National Railway (NYSE: CNI) reported Q1 EPS of CDN$1.00, CDN$0.08 better than the analyst estimate of CDN$0.92. Revenue for the quarter came in at CDN$2.96 billion versus the consensus estimate of CDN$3.08 billion.

GUIDANCE:

Weaker than expected freight demand in certain markets and the strengthening of the Canadian dollar relative to the U.S. dollar have prompted a downward revision to CN's 2016 financial outlook. Under its revised outlook, CN now aims to deliver 2016 EPS in line with last year's adjusted diluted EPS (1) of C$4.44 (compared with its Jan. 26, 2016, financial outlook calling for mid-single digit EPS growth this year).

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

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