NEWS
01/26/2016 16:13 EST | Updated 01/26/2017 00:12 EST

CN Rail beats forecasts as Q4 profit rises 11 per cent to $941 million

MONTREAL — Canadian National Railway beat analyst earnings expectations as its ended a challenging year with profits growing 11 per cent to $941 million in the latest quarter.

The country's largest railway said it earned $1.18 per share for the three months ended Dec. 31.

That compares with $1.03 per share or $844 million a year earlier. Revenues decreased one per cent to $3.17 billion.

Analysts had expected the railway to earn $885.4 million or $1.11 per share.

For the full year, CN Rail (TSX:CNR) earned $3.54 billion or $4.44 per share on $12.6 billion of revenues.

 

The Canadian Press