Canadian National Railway (CNI) Tops Q2 EPS by $Cnd0.18

Canadian National Railway (NYSE: CNI) reported Q2 EPS of Cdn$1.93, Cdn$0.18 better than the analyst estimate of Cdn$1.75. Revenue for the quarter came in at Cdn$4.34 billion versus the consensus estimate of Cdn$4.08 billion.

Reaffirming 2022 financial outlook (2):
CN confirms its 2022 outlook targeting to deliver approximately 15-20% adjusted diluted EPS growth in 2022. (1) CN continues to target an operating ratio below 60% for 2022 as well as a ROIC of approximately 15%. (1) CN maintains its free cash flow target in the range of C$3.7 billion - C$4.0 billion in 2022. (1)

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

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