CPKC profits surge despite summer shutdown [Financial Post (Toronto, Ontario, Canada)]
Canadian National Railway Company (CNI)
Last canadian national railway company earnings: 4/27 04:01 pm
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Source: Financial Post
Canadian Pacific Kansas City Ltd. enjoyed a jump in profits last quarter despite a costly derailment and a labour disruption that forced the railway to wind down operations over a two-week stretch last summer. On a conference call Wednesday, CEO Keith Creel highlighted “a very challenging operational quarter” but said the company bounced back to keep it on track for double-digit earnings growth this year. Net income climbed seven per cent year-over-year in its third quarter and revenue rose six per cent, the Calgary-based company reported. CPKC took a $60-million “expense hit” after rail cars carrying hazardous material derailed and burst into flames in a remote area of North Dakota in July, said chief financial officer Nadeem Velani???. No one was hurt, officials said. In August, CPKC and rival Canadian National Railway Co. grappled with a countrywide work stoppage, with Canadian Pacific shut down for four days after a two-week operational wind-down. The shutdown dented
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News
- Insider Report: CN Rail directors accumulate shares as it near its 52-week low [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Canada's Labor Minister ends coast-to-coast port labor strife, forcing unions back to work [CNBC]CNBC
- B.C. Insider: Ottawa orders ports in B.C., Quebec to reopen [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Canadian National Railway (NYSE: CNI) was upgraded by analysts at Citigroup Inc. from a "neutral" rating to a "buy" rating. They now have a $130.00 price target on the stock, up previously from $126.00.MarketBeat
- Is CNR Stock Undervalued Right Now? [Yahoo! Finance Canada]Yahoo! Finance Canada
CNI
Earnings
- 10/22/24 - Beat
CNI
Sec Filings
- 11/4/24 - Form SC
- 10/22/24 - Form 6-K
- 10/8/24 - Form SCHEDULE
- CNI's page on the SEC website