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Canadian National Railway ( (TSE:CNR) ) just unveiled an update.
Canadian National Railway Company reported its financial performance for the year 2024, showing total revenues of $17.046 billion compared to $16.828 billion in 2023. Despite a slight increase in revenues, the company experienced a decline in net income to $4.448 billion from $5.625 billion in the previous year, indicating challenges in operational efficiency and profitability. The operating ratio increased to 63.4% from 60.8% in 2023, reflecting higher operational costs. The data highlights a mixed financial performance, with slight revenue growth but declining profitability, possibly impacting investor confidence in the short term.
More about Canadian National Railway
Canadian National Railway Company operates in the transportation industry, providing rail and freight services across Canada and the United States. The company focuses on efficient rail transportation, contributing significantly to the logistics and supply chain sectors in North America.
YTD Price Performance: -3.08%
Average Trading Volume: 1,329,995
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $62.6B
See more data about CNR stock on TipRanks’ Stock Analysis page.
