News Formal

CN Rail lowers earnings forecast amid falling profits, weaker demand - BNN Bloomberg

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 50%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

Canadian National Railway Co. lowered its earnings forecast for the year amid falling profits and revenue last quarter and a sluggish economic environment.

Canada's largest railway said Tuesday it now expects flat to slightly negative adjusted diluted earnings in 2023, instead of the mid-single-digit growth it predicted three months ago.

“The longer-term fundamentals remain strong. The growth opportunities are real," she told analysts on a conference call, noting that on-time performance, safety and velocity metrics all improved from 2022. A roughly two-week strike at B.C. ports earlier this month halted freight flows through West Coast terminals, adding to the demand woes.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 83. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Cybercrime costs Canadian companies millions even as awareness grows: report - National | Globalnews.caPart of the reason the financial fallout from cybercrime continues to grow is that cybercriminals are getting more sophisticated, one expert said.
Fonte: GlobalNational - 🏆 81. / 51 Consulte Mais informação »

Port strike will take two months for recovery, CN says, as wildfires dent earningsCanadian National Railway Co. said Tuesday it now expects flat to slightly negative adjusted diluted earnings in 2023.
Fonte: calgarysun - 🏆 63. / 52 Consulte Mais informação »