CN: Off to a strong start
CN's first-quarter 2017 financial and operating results reflect a strong start to the year and have prompted an upward revision to its 2017 financial outlook. Net income increased 12 percent to C$884 million, while diluted EPS increased 16 percent to C$1.16, compared with the first quarter of 2016. Adjusted net income increased 11 percent to C$879 million, with adjusted diluted EPS increasing 15 percent to C$1.15. Operating income increased 7 percent to C$1.3 billion. Revenues increased by 8 percent to C$3.2 billion.
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