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Canadian National beats 1Q net income expectations, misses revenue forecasts

MONTREAL – MONTREAL (AP) _ Canadian National Railway Co. (CNI) on Monday reported first-quarter earnings of $576.9 million.

The Montreal-based company said it had profit of 73 cents per share.

The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 69 cents per share.

The railroad posted revenue of $2.16 billion in the period, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $2.29 billion.

CN shares have climbed 17 per cent since the beginning of the year. In the final minutes of trading on Monday, shares hit $65.20, a fall of roughly 2 per cent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CNI at http://www.zacks.com/ap/CNI

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Keywords: Canadian National, Earnings Report