CN Rail cuts earnings outlook in signal the economy is slowing

Indonesia Berita Berita

CN Rail cuts earnings outlook in signal the economy is slowing
Indonesia Berita Terbaru,Indonesia Berita utama

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

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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.

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