CN Rail cuts earnings outlook in signal the economy is slowing

  • 📰 nationalpost
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 80%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

CN cut its earning outlook for 2023 because of weakening demand for consumer goods and other products. Read more

Play Video

The Montreal-based company reported revenue of $4.06 billion in the second quarter, down 7 per cent and missing analysts’ estimates. Earnings fell 9 per cent on an adjusted basis to $1.76 per share, or 4 cents below the consensus of analysts surveyed by Bloomberg.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 10. in CA

Canada Canada Latest News, Canada Canada Headlines