Edition:
India

Cn Reports Q2 2018 Financial Results


Wednesday, 25 Jul 2018 

July 24 (Reuters) - Canadian National Railway Co ::CN REPORTS Q2-2018 FINANCIAL RESULTS.Q2 ADJUSTED EARNINGS PER SHARE C$1.51.Q2 EARNINGS PER SHARE C$1.77.Q2 REVENUE ROSE 9 PERCENT TO C$3.631 BILLION.UPDATED 2018 FINANCIAL OUTLOOK.ALSO INCREASED ITS 2018 CAPITAL PROGRAM BY C$100 MILLION TO C$3.5 BILLION.NOW AIMS TO DELIVER 2018 ADJUSTED DILUTED EPS IN RANGE OF C$5.30 TO C$5.45.CANADIAN NATIONAL RAILWAY - ON CONSTANT CURRENCY BASIS, NET INCOME FOR Q2 WOULD HAVE BEEN HIGHER BY C$0.04/SHARE.ASSUMING THAT NORTH AMERICAN INDUSTRIAL PRODUCTION FOR YEAR 2018 WILL INCREASE IN RANGE OF TWO TO THREE PER CENT.FOR 2018, ASSUMES U.S. HOUSING STARTS OF ABOUT 1.25 MILLION UNITS AND U.S. MOTOR VEHICLE SALES OF ABOUT 17 MILLION UNITS.FY2018 EARNINGS PER SHARE VIEW C$5.27 -- THOMSON REUTERS I/B/E/S.