Canadian National Railway Q2 Profit Tops Estimate

(RTTNews) - Canadian National Railway Co. (CNI, CNR.TO) reported net income for the second quarter of C$886 million or C$1.10 per share, compared to C$847 million or C$1.03 per share for the year-ago quarter.

Excluding deferred income tax expense, second quarter adjusted earnings per share increased to C$1.15 from C$1.03 last year.

Second quarter revenue was C$3.13 billion, compared to C$3.12 billion a year earlier.

Analysts polled by Thomson Reuters expected the company to earn C$1.05 per share on revenue of C$3.12 billion for the second quarter. Analysts' estimates typically exclude special items.