Canadian National (CNI) Q1 Earnings Beat Estimates, Sales Lag

Canadian National Railway Company (CNI) reported first-quarter 2024 earnings of $1.28 per share (C$1.72), which surpassed the Zacks Consensus Estimate of $1.27. However, the bottom line declined 5.19$3.15 billion (C$4.25 billion), which missed the Zacks Consensus Estimate of$3.16 billion. This reflects a decrease of 1.19%. The decline was mainly due to lower Freight revenue per RTM, while volumes remained flat.Volumes remained flat, mainly due to ...