Canadian railway CN’s (NYSE: CNI) net income for the fourth quarter of 2020 rose 14% year-over-year amid a 2% increase in revenue and a 5% decrease in operating expenses.
Fourth-quarter 2020 adjusted net profit was CA$1.02 billion, or $1.43 adjusted earnings per share, compared with $896 million, or $1.25 adjusted earnings per share, for the fourth quarter of 2019. All figures are in Canadian dollars, and 1 Canadian dollar equals about 79 cents in U.S. dollars.
The 2% increase in revenue to...
https://www.freightwaves.com/news/cns-fourth-quarter-net-income-grows-14