Canadian National Railway´s (TSX:CNR) third-quarter profit rose 21 per cent to $497 million from $411 million in the same period a year ago, the company reported Thursday.
Net income for the three months ended Sept. 30 amounted to 94 cents per diluted share, up from 74 cents per share in the same period a year ago. Revenues climbed to $1.98 billion from $1.81 billion in the 2005 period. Those results beat analyst expectations of 84 cents per share in earnings and $1.94 billion in revenue, according to Thomson Financial.
CN attributed the climb in profits to rate increases, higher fuel surcharges, and volume growth, particularly in the grain, intermodal, and metals and minerals commodity groups.
POD NOS TRILHOS
- Investimentos, projetos e desafios da CCR na mobilidade urbana
- O projeto de renovação de 560 km de vias da MRS
- Da expansão da Malha Norte às obras na Malha Paulista: os projetos da Rumo no setor ferroviário
- TIC Trens: o sonho começa a virar realidade
- SP nos Trilhos: os projetos ferroviários na carteira do estado
However, it said the soaring Canadian dollar reduced profits by $15 million, or three cents per diluted share, in the quarter. It also said it expects diluted earnings per share for its 2007 financial year to grow in the 10 per cent-plus range. Prior to the earnings release, the railway´s shares fell 39 cents to $50.85 on the Toronto Stock Exchange.
Publicada em 19/10.
Fonte: CBC.ca (Canadá)
Seja o primeiro a comentar