MONTREAL (AP) _ Canadian National Railway Co. (CNI) on Tuesday reported first-quarter net income of $724.7 million.
On a per-share basis, the Montreal-based company said it had profit of $1.03. Earnings, adjusted for non-recurring costs, came to $1.04 per share.
The results did not meet Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.08 per share.
The railroad posted revenue of $2.93 billion in the period, topping Street forecasts. Six analysts surveyed by Zacks expected $2.9 billion.
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