CN Railway reports drop in first-quarter profit

Mon Apr 22, 2013 2:53pm EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

TORONTO, April 22 (Reuters) - Canadian National Railway Co , Canada's largest rail operator, reported a drop in first-quarter net profit on Monday, as it grappled with operational challenges including extreme winter weather.

Net income fell to C$555 million ($540.49 million), or C$1.30 per share, from C$775 million, or C$1.75 per share, in the same period a year earlier.

Adjusted earnings per share rose to C$1.22 from C$1.18 per share in the first quarter of 2012.