Topic: How To Invest

The Successful Investor Hotline – Friday, April 27, 2018

Article Excerpt

CANADIAN NATIONAL RAILWAY CO., $100.65, Toronto symbol CNR, operates Canada’s largest railway. Its 32,200-kilometre network stretches across the country. It also travels down through the U.S. Midwest, connecting Canada to the Gulf of Mexico. Severe winter weather disrupted CN’s operations in the first quarter of 2018. As a result, its revenue in the quarter fell 0.4%, to $3.19 billion from $3.21 billion a year earlier. Lower revenue from shipping grain, forest products, oil and automotive parts offset gains from coal, metals and minerals, and consumer goods. Despite the overall decline, revenue in the quarter still beat the consensus forecast of $3.16 billion. In addition to the bad weather, higher fuel and labour costs also weighed on CN’s results. Its earnings in the quarter dropped 15.7%, to $741 million from $879 million. Due to fewer shares outstanding, earnings per share declined at a slightly slower rate of 15.0%, to $1.00 from $1.15. That missed the consensus estimate of $1.02. The company’s operating ratio in…