Canadian National Railway Reports $1.21 Billion Third-Quarter Profit

Canadian National Railway Co. reported a third-quarter profit of $1.21 billion for the period ending September 30, rising from the $1.14 billion earned during the same quarter last year. Revenue for the period increased to $4.77 billion, up from $4.17 billion a year earlier.

The company reported a profit of $2.00 per diluted share, while adjusted earnings rose to $2.16 per diluted share from $1.83 in the prior year. The railway's operating ratio increased to 63.7 per cent from 61.4 per cent a year ago, although the adjusted operating ratio saw a slight decrease to 61.0 per cent.