Canadian National Railway Stock dropped sharply today following their earnings release yesterday after the market closed.
The stock fell to an intraday low of $91.77 (to the time of this article) on what most investors consider disappointing revenue and earnings numbers for the latest quarter.
Net income declined by 0.22%, year over year. Revenue was steady at $3.2 billion which was the same revenue number for the same quarter last year. Earnings were $1.23 a share versus $1.18 for the previous year and above estimates by a penny.
Canadian National Railway Stock Trading Symbols
I trade this stock on the TSX Composite Index in Canadian dollars where it trades under the symbol CNR. It trades on the New York Stock Exchange under the symbol CNI. I trade it almost exclusivelyon the TSX in Canadian dollars…...the rest of this trade alert and strategy discussion article on Canadian National Railway Stock is for members.
Canadian National Railway Stock Trade Alert After Earnings – Jan 25 2017
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