"The economy ahead of us looks good. The operating metrics are solid. So a lot of good things that look good for the quarters to come," CEO Jean-Jacques Ruest said in a conference call about first-quarter results.
Excluding one-time items, adjusted profits were $872 million or $1.23 per share, compared with $870 million or $1.22 per share in the first quarter of 2020. CN Rail was expected to post $1.24 per share in net and adjusted profits on $3.58 billion of revenues, according to financial data firm Refinitiv.
"We are encouraged about the economic recovery and the vaccine rollout, which is giving us strong confidence for the balance of the year," added chief financial officer Ghislain Houle.
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Well at least someone is making money.