CN's Quarterly Results Demonstrate Railroad's Resiliency During Unprecedented Economic Times
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Canadian National Railway (CNI) Reports Q2 EPS of Cdn$1.28
July 21, 2020 4:03 PM EDTCanadian National Railway (NYSE: CNI) reported Q2 EPS of Cdn$1.28. Revenue for the quarter came in at Cdn$3.21 billion.
Financial results highlights
Second-quarter 2020 compared to second-quarter 2019
Second quarter results were adversely impacted by the pandemic.CN recorded a charge of C$486 million, or C$363 million after-tax (C$0.51 per diluted share), resulting from the decision to market for sale for on-going rail operations, certain non-core lines.Revenues of C$3,209 million, a decrease of C$750 million or 19 per... More