Topic: How To Invest

The Successful Investor Hotline – Friday, October 26, 2018

Article Excerpt

CANADIAN NATIONAL RAILWAY CO., $107.57, Toronto symbol CNR, operates Canada’s largest railway. Its 32,200-kilometre network stretches across the country. It also travels down through the U.S. Midwest, connecting Canada to the Gulf of Mexico. CN continues to upgrade its rail networks and equipment in response to growing demand for rail services, particularly from oil producers and grain farmers. By the end of the year, it expects to have spent a total of $3.5 billion on capital improvements—up $100 million from its earlier forecast. Thanks partly to those investments, CN’s revenue in the quarter ended September 30, 2018 rose 14.5%, to $3.69 billion from $3.22 billion a year earlier. That beat the consensus forecast of $3.58 billion. CN’s overall earnings in the quarter gained 11.4%, to $1.10 billion from $989 million. Due to fewer shares outstanding, earnings per share gained 14.5%, to $1.50 from $1.31. That beat the consensus estimate of $1.47. Due to the additional spending on operations, as well has rising labour and…