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Canadian National Railway Company

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Canadian National Railway's first-quarter 2016 earnings of C$1.00 per share ($0.73) beat the Zacks Consensus Estimate by 4 cents. Earnings also beat the year-ago figure by 4.3%. The bottom-line performance was boosted by lower operating expenses.Quarterly revenues of C$2,964 million (approximately $2,159 million) fell short of the Zacks Consensus Estimate of $2,290 million. The company trimmed its earnings per share outlook for 2016. Canadian National now expects earnings per share to remain flat on a year-over-year basis in 2016. The company reported earnings of C$4.44 per share in 2015. The previous outlook had called for a mid-single digit growth earnings per share in 2016 over 2015 levels.

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