Canadian National profit up from year ago, raises guidance

Open this photo in gallery:CN Rail locomotives move shipping containers from port, in Vancouver, in June.DARRYL DYCK/The Canadian PressShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountCanadian National Railway Co. CNR-T reported that its second-quarter profit and revenue both rose compared with a year ago, and it raised its guidance for the full year.The railway says it earned $1.25-billion or $2.06 per diluted share for the quarter that ended June 30, up from $1.1-billion or $1.87 per diluted share a year earlier.Revenue totalled $4.75-billion, up from $4.27-billion in the same quarter last year.On an adjusted basis, CN says it earned $2.08 per diluted share in its latest quarter, up from an adjusted profit of $1.87 per diluted share a year ago.In raising…

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