Canadian National Railway Company (TSE:CNR) has released an update.
CN (Canadian National Railway Company) has reported a slight decrease in financial performance for the first quarter of 2024, with a 1% drop in revenues and a 5% decrease in diluted earnings per share, despite stable revenue ton miles. However, the company remains optimistic, reaffirming its 2024 adjusted diluted EPS growth of around 10% and a capital investment plan of C$3.5 billion. CN continues to aim for a 10%-15% annual EPS growth over the next three years, banking on volume growth, pricing strategies, and improved efficiency.
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