By Kathryn Hardison
Canadian National Railway Co. expects its 2023 per-share earnings growth to be in the low single-digit range, citing a softer economic outlook.
The freight railroad reported Tuesday that its full-year 2022 per-share earnings increased 8% from the year prior to C$7.44. Adjusted per-share earnings for the year increased 24% to C$7.46.
Despite expectations for a softer economy, Chief Executive Tracy Robinson said the company expects its disciplined operating model and back-to-basics strategy will continue to deliver in 2023.
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(END) Dow Jones Newswires
January 24, 2023 16:52 ET (21:52 GMT)Copyright (c) 2023 Dow Jones & Company, Inc.