{"id":6838,"date":"2018-04-23T16:57:27","date_gmt":"2018-04-23T20:57:27","guid":{"rendered":"http:\/\/lifeinsurance-orleans.ca\/Life-Insurance-Blog\/?guid=fdde2a671d4ada783830718c231763cc"},"modified":"2018-04-23T16:57:27","modified_gmt":"2018-04-23T20:57:27","slug":"cn-rail-reports-lower-first-quarter-profit-as-winter-weather-bites-into-bottom-line","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2018\/04\/23\/cn-rail-reports-lower-first-quarter-profit-as-winter-weather-bites-into-bottom-line\/","title":{"rendered":"CN Rail reports lower first quarter profit as winter weather bites into bottom line"},"content":{"rendered":"<p>Canadian National Railway Co. is cutting its 2018 financial outlook as it reports lower first-quarter income and revenue due to severe winter weather and lower network &#8220;resiliency.&#8221;<\/p>\n<p>The company says it now expects to post 2018 adjusted diluted earnings per share of $5.10 to $5.25, down from its previous target of $5.25 to $5.40. Last year&#8217;s number was $4.99.<\/p>\n<p>CN Rail reported first-quarter net income fell by 16 per cent from the same period last year to $741 million and earnings per share slipped by 14 per cent to $1.00.<\/p>\n<p>Revenue for the first quarter was $3.194 billion, down $12 million, as carloadings increased by three per cent and the operating ratio, a measure of efficiency where a lower number is better, rose six points to 67.8 per cent.<\/p>\n<p>The results were in line with analyst expectations as reported by Thomson Reuters.<\/p>\n<p>Last week, rival Canadian Pacific Railway Ltd. also blamed winter weather in part for lower earnings of $348 million in the first three months of the year, down from $431 million a year ago, despite a four per cent increase in revenue to $1.66 billion.<\/p>\n<p>Companies in this story: (TSX:CNR, TSX:CPR)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Canadian National Railway Co. is cutting its 2018 financial outlook as it reports lower first-quarter income and revenue due to severe winter weather and lower network &ldquo;resiliency.&rdquo; The company says it now expects to post 2018 adjusted diluted earnings per share of $5.10 to $5.25, down from its previous target of $5.25 to $5.40. Last [&hellip;]<\/p>\n","protected":false},"author":578,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/6838"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/578"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=6838"}],"version-history":[{"count":2,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/6838\/revisions"}],"predecessor-version":[{"id":6841,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/6838\/revisions\/6841"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=6838"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=6838"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=6838"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}