November 29, 2017 / 3:48 PM / a year ago

BUZZ-CN Rail: Hit by CFO's warning of a difficult Q4

** Railroad operator’s shares down 2.7 pct at C$97.32, set for worst one-day drop since mid May

** Due to an early winter, CN Rail’s Q4 will be a “bit more difficult”, made worse by a couple of derailments, CFO Ghislain Houle says at Credit Suisse conference

** “Don’t be surprised if you see volumes again being challenged ... don’t be surprised if you see expenses slightly higher than what you’re used to see”

** CNR’s Q3 profit had missed estimates due to a 10 pct surge in operating expenses

** Other railroads unaffected on the day - CP Rail up 0.3 pct and CSX Corp up ~2 pct

** CN now up 7.6 pct so far in 2017 vs. a 16.4 pct jump in CP Rail and a near 48 pct gain in CSX

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