CN Rail’s fourth-quarter earnings drop following strike, weaker freight demand

On an adjusted basis, diluted earnings decreased to $1.25 per share, 16 per cent lower than $1.49 per share 12 months prior.

The result notched above analyst expectations of $1.20 per share, according to financial markets data firm Refinitiv. Full-year revenues rose four per cent to $14.92 billion and profits dipped three per cent to $4.22 billion year over year. CN says the board of directors approved a seven per cent increase in the 2020 dividend on the Montreal-based company’s common shares.

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