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Canadian National Railway (TSX:CNR) reported a strong rise in earnings and revenues in its second quarter as the company begins to recover from the COVID-19 pandemic. The Montreal-based railway earned $1.03 billion or $1.46 per share, up from $545 million or $0.77 per share in the first quarter of 2021. Excluding one-time items, adjusted profits were $1.06 billion or $1.49 per share, compared with $988 million or $1.28 per share in the first quarter of this year. Revenue for the three months ended June 30 was $3.60 billion, up from $3.21 billion the previous quarter. The company also declared a dividend for its third quarter of $0.62 per share to be paid this September. In 2020, CN was forced to build longer and heavier trains due to the sharp retreat in rail volumes and customer demand during the COVID-19 pandemic. The company said in a news release that as the economy rebounds, it has been able to revert to its standard operating plan and improve train speeds. The financial results come as the railway is awaiting a ruling from the U.S.
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No summary available.
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MEXICO CITY Mexicos tax authority has suspended 82 companies from its list of approved importers, including Spanish energy giant Repsol and a Kansas City Southern (KCS) rail unit, the agency said late on Monday, citing unspecified compliance failures. Also among the companies suspended was another major rail operator that is part of leading Mexican 
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NEW YORK, July 19, 2021 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Kansas City Southern (NYSE: KSU) resulting from allegations that KCS may have issued materially misleading business information to the investing public.
Quarterly, annual earnings. See the latest EPS estimates vs Actual and surprise it caused. Stock Market Daily has their analysis The post Analysts Are Pretty Bullish NASDAQ:WAFD, NASDAQ:VWTR, NYSE:VLRS, NYSE:KSU appeared first on .
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