Canadian National Railway Company (NYSE:CNI) is reporting third quarter financial results on Tuesday 20th October 2020, after market close.
According to analysts surveyed by Thomson Reuters, CNI is expected to report 3Q20 income of $ 1.09 per share from revenue of $ 2660.36 million.
For the full year, analysts anticipate top line of $ 10504.80 million, while looking forward to income of $ 4.06 per share bottom line.
Previous Quarter Performance
Canadian National Railway Company reported income for the second quarter of $ 0.92 per share, from the revenue of $ 2,315.00 million. The quarterly earnings reduced 29.23 percent while revenues dropped 41.53 percent compared with the same quarter last year. The top line results fell short of analysts by $ 77.43 million or 3.24 percent.
Stock Performance
Shares of Canadian National Railway Company traded low $ -0.67 or -0.60 percent on Monday, reaching $ 111.13 with volume of 644.00 thousand shares. Canadian National Railway Company has traded high as $ 112.48 and has cracked $ 110.74 on the downward trend
According to the previous trading day, closing price of $ 111.13, representing a 71.66 % increase from the 52 week low of $ 65.13 and a 1.04 % decrease over the 52 week high of $ 112.97.
The company has a market capital of $ 78.63 billion and is part of the Industrials sector and Railroads industry.
Recent Stock Dividend Announcement
On July 21, 2020, the board of directors authorized quarterly dividend of $ 0.575 per share to holders of record as of the close of business on September 9, 2020, with payment date of September 30, 2020 and ex-dividend date on September 8, 2020.
Conference Call
Canadian National Railway Company will be hosting a conference call at 4:30 PM eastern time on 20th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.cn.ca
Canadian National Railway Company engages in rail and related transportation business. The company transports cargo serving exporters, importers, retailers, farmers, and manufacturers. It operates a network of approximately 20,000 route miles of track spans Canada and mid-America connecting the Atlantic, the Pacific, and the Gulf of Mexico.
