Canadian National Railway Plunges 6.04% on Revenue Miss

On July 23, 2025, Canadian National Railway's stock price dropped by 6.04% in pre-market trading, reflecting investor concerns over the company's recent financial performance.

Canadian National Railway reported a net income of $1.17 billion for the second quarter, a slight increase from the previous year. However, the company's revenue fell by approximately 1%, indicating a challenging operating environment.

The company's operating income increased by 5% to C$1,638 million, despite the overall revenue decline. This suggests that cost management efforts may have helped mitigate some of the revenue shortfalls.

Canadian National Railway's adjusted earnings per share (EPS) for the quarter stood at $1.37, but revenue saw a 1.4% decline to $3.14 billion, missing market estimates. This revenue decline has raised concerns among investors about the company's future performance.

Despite the mixed results, the company's operating ratio improved by 50 basis points to 61.7%, indicating better operational efficiency. However, the overall market sentiment remains cautious, as reflected in the pre-market drop in stock price.