(Source: Reuters, April 20, 2015)
MONTREAL — Canadian National Railway Co posted higher first-quarter earnings on Monday, topping analysts’ expectations, and said it would boost capital spending to improve safety as volume rises. Net income rose to C$704 million, or 86 Canadian cents a share, from C$623 million, or 75 Canadian cents, a year earlier. Excluding a gain on the sale of a rail line, earnings in the previous year had been 66 Canadian cents a share. Revenue also rose to C$3.10 billion from C$2.69 billion.
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