Investing.com - Canadian National Railway (TSX:CNR) reported on Tuesday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Canadian National Railway announced earnings per share of C$1.32 on revenue of C$3.71B. Analysts polled by Investing.com anticipated EPS of C$1.4 on revenue of C$3.67B.
Canadian National Railway shares are down 3.42% from the beginning of the year and are trading at C$119.11 , down-from-52-week-high.They are outperforming the Nasdaq which is down 20.16% from the start of the year.
Canadian National Railway shares lost 2.74% in after-hours trade the report.
Canadian National Railway follows other major Industrials sector earnings this month
Canadian National Railway's report follows an earnings beat by United Parcel Service on Tuesday, who reported EPS of C$3.05 on revenue of C$24.56B, compared to forecasts EPS of C$2.89 on revenue of C$23.82B.
Raytheon Technologies had beat expectations on Tuesday with first quarter EPS of C$1.15 on revenue of C$15.72B, compared to forecast for EPS of C$1.01 on revenue of C$15.88B.
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