Canadian National Railway (CNR) reported a sharp increase in third-quarter profits, thanks in part to an after-tax break fee of C$770 million it received after pulling out of a takeover bid on Kansas City Southern. The largest national railway also announced its CEO will leave in January. Revenue came in at C$3.6 billion in the third quarter of 2021, an increase of 5% from C$3.4 billion in the prior-year quarter. Revenue ton miles (RTMs) decreased from C$56.3 million to C$55.8 million year-over-year. The Montreal-based railway earned C$1.7 billion (C$2.37 per share) in Q3 2021, up from C$985 million (C$1.38 per share) in Q2 2020.
https://www.tipranks.com/news/cn-rail-q3-profit-surges-shares-soar?utm_source=advfn.com&utm_medium=referral
Canadian National Railway (NYSE:CNI)
Historical Stock Chart
From Dec 2021 to Jan 2022 Click Here for more Canadian National Railway Charts.
Canadian National Railway (NYSE:CNI)
Historical Stock Chart
From Jan 2021 to Jan 2022 Click Here for more Canadian National Railway Charts.