Canadian National Railway Beats; Shares Flat in the After-Hours (CNI)

Canadian National Railway Company CNI reports Q2 EPS $1.13 vs consensus of $0.99. Canadian National Railway Company reports Q2 revenue $2.09 billion vs consensus of $2.04 billion. Diluted EPS increased by 38% year over year and revenues rose 18% year over year. The company also said that its operating ratio improved by 6.1 points to 61.2%. "CN's outstanding results were anchored on careful planning - having the right resources in place at the right time - improved customer service, and our team's strong execution of the CN Precision Railroading model. This performance allowed just a seven per cent increase in operating expenses and helped us to improve our operating ratio by more than six points to 61.2 per cent." Shares of CNI are flat in the after-hours. Canadian National Railway Corporation, together with its wholly owned subsidiaries is engaged in the rail and related transportation business. CN's network of approximately 21,100 route miles of track spans Canada and mid-America, connecting three coasts: the Atlantic, the Pacific and the Gulf of Mexico.