Canadian National Railway Company (TSE:CNR) has released an update.
The Canadian National Railway Company (CN) has reported a slight decrease in revenue and operating income for Q1 2024 compared to the previous year, with revenues at C$4,249 million and operating income at C$1,546 million, despite stable revenue ton miles. However, the company remains optimistic, reaffirming its 2024 outlook with an expected 10% growth in adjusted diluted EPS and a capital investment of C$3.5 billion. CN also maintains a positive long-term financial perspective, aiming for a 10%-15% compounded annual diluted EPS growth over the 2024-2026 period, supported by volume growth, pricing strategies, and efficiency improvements.
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