Q: Is there a reason why CNR has so poorly in the last week or so.
Ernie
Ernie
5i Research Answer:
On July 2022 CNR released Q2 earnings, with earnings rising 0.4% to $1.84 per share. However this missed estimates of $1.93. The company also lowered its forecast, to high-single-digit growth from 10% growth. It also noted possible labour unrest, and experienced some stoppages due to the wildfires in Alberta.