CN says it is removing its 2024-26 financial outlook because of uncertainty surrounding trade and tariffs.Andrew Vaughan/The Canadian Press
Canadian National Railway Co. CNR-T reported its net income inched up to $1.17-billion during its second quarter compared with last year, as it said the trade uncertainty is making it difficult for it to provide investors with an outlook.
The Montreal-based company says revenue fell about 1 per cent, to $4.27-billion compared with $4.33-billion a year earlier.
Diluted earnings per share for the quarter came in at $1.87, up from $1.75 a year earlier.
CN lowered its 2025 forecast for adjusted diluted earnings per share growth, saying it now expects growth in the mid to high single-digit range.
A previous estimate from CN expected adjusted diluted earnings per share to increase between 10 and 15 per cent for 2025.
CN says it is removing its 2024-26 financial outlook given continued uncertainty surrounding trade and tariff uncertainty.