Topic: How To Invest

The Successful Investor Hotline – Friday, July 26, 2019

Article Excerpt

CANADIAN NATIONAL RAILWAY CO., $125.00, 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. In the quarter ended June 30, 2019, CN’s total carloads rose 2% from a year earlier. That’s mainly because the shortage in new pipeline capacity continues to spur strong demand for crude-by-rail service. Grain shipments also improved, helping offset lower shipments of metals, minerals and forest products. CN’s revenue in the quarter rose 9.0%, to $3.96 billion from $3.63 billion a year earlier. That beat the consensus forecast of $3.94 billion. Overall earnings in the quarter gained 11.6%, to $1.25 billion from $1.12 million. Due to fewer shares outstanding, earnings per share gained 14.6%, to $1.73 from $1.51. That beat the consensus estimate of $1.66. Despite additional spending to handle the higher volumes, the company’s operating ratio in the quarter improved to 57.5% from 58.2% a year earlier. (Operating ratio…

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