CN reports $1.21B Q3 profit, up from $1.14B a year ago, revenue also higher

Canadian National Railway Co. reported a stronger third-quarter profit of $1.21 billion, marking an increase from $1.14 billion in the same quarter last year. The company's per-share profit rose to $2.00, up from $1.83 per diluted share a year earlier. Adjusted earnings were at $2.16 per diluted share, an improvement from $1.83 per share in the previous year.

Revenue for the quarter reached $4.77 billion, up from $4.17 billion in the same period last year. The railway's operating ratio, which measures operating expenses as a percentage of revenues, improved to 63.7% in the quarter, up from 61.4% a year ago. On an adjusted basis, the operating ratio was 61.0%, down slightly from 61.4% in the prior quarter.