CN Rail lowers earnings expectations, cuts outlook amid trade volatility
The Montreal-based company says revenue fell about one per cent, to $4.27 billion compared with $4.33 billion a year earlier.
Diluted earnings per share for the quarter came in at $1.87, up from $1.75 a year earlier.
CN lowered its 2025 forecast for adjusted diluted earnings per share growth, saying it now expects growth in the mid to high single-digit range.
A previous estimate from CN expected adjusted diluted earnings per share to increase between 10 and 15 per cent for 2025.
CN says it is removing its 2024-26 financial outlook given continued uncertainty surrounding trade and tariff uncertainty.
This report by The Canadian Press was first published July 22, 2025.
Companies in this story: (TSX:CNR)
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