How did CNI's Q4 2023 earnings surprise analysts?

Canadian National Railway (CNI) reported a net income of $1.61 billion for Q4 2023, which was a significant upside surprise compared to analysts' expectations. This indicates that the company's performance for the quarter exceeded market expectations, likely due to factors such as strong operational performance, cost management, or strategic initiatives. |code|Ticker|Name|Date|Net Income YoY|Net Income|market_code| |---|---|---|---|---|---|---| |CNI|CNI.N|Canadian National Railway|2023 Q1|22.64901145512829|9.020332666E8|169| |CNI|CNI.N|Canadian National Railway|2023 Q2|-14.327434125091049|8.8195283955E8|169| |CNI|CNI.N|Canadian National Railway|2023 Q3|-22.627902494416464|8.1861839916E8|169| |CNI|CNI.N|Canadian National Railway|2023 Q4|53.74943236642772|1.6133919087E9|169|