Canadian Railroads Report Mixed 1Q Earnings

Canada National Railway Co. reported lower first-quarter earnings and Canadian Pacific Railway Co. reported a rise.

Canadian National’s net income fell to C$555 million, C$1.30 per share, from C$775 million, or C$1.75, a year ago. Revenue rose 5% to C$2.5 billion.

Canadian Pacific’s net income increased to C$217 million, or C$1.24 per share, from C$142 million, or 82 cents, last year. Revenue rose 3% to C$1.5 billion.