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Company News

Canadian National quarterly profit falls 17.6%

Oct 20 (Reuters) - Canadian National Railway Co on Tuesday reported a 17.6% fall in quarterly profit, hit by lower crude shipments during the COVID-19 pandemic.

Net income fell to C$985 million ($750.36 million), or C$1.38 per share, in the quarter ended Sept. 30, from C$1.20 billion, or C$1.66 per share, a year earlier.

Revenue fell 11% to C$3.41 billion.

$1 = 1.3127 Canadian dollars Reporting by Shreyasee Raj in Bengaluru; Editing by Devika Syamnath

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