Canadian National Railway Reports Q3 Earnings Beat on Revenue and EPS Growth
Canadian National Railway (CNI) reported third-quarter financial results that exceeded analyst expectations. The company posted a non-GAAP earnings per share of C$2.16, surpassing estimates by C$0.08, while revenue reached C$4.77 billion, representing a 14.4% increase year-over-year and beating projections by C$120 million. In addition to top and bottom-line growth, the company demonstrated strong liquidity with free cash flow generation of C$2,918 million. This reflects a 25% increase for the first nine months of the period compared to the previous year, signaling robust operational efficiency and improved cash management.
Tickers: $CNI