Canadian National Railway Company announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2018. For the quarter, the company reported revenues of CAD 3,808 million against CAD 3,285 million a year ago. Operating income was CAD 1,452 million against CAD 1,225 million a year ago. Net income was CAD 1,143 million against CAD 2,611 million a year ago. Basic earnings per share was CAD 1.57 against CAD 3.50 a year ago. Diluted earnings per share was CAD 1.56 against CAD 3.48 a year ago.

For the year, the company reported revenues of CAD 14,321 million against CAD 13,041 million a year ago. Operating income was CAD 5,493 million against CAD 5,243 million a year ago. Net income was CAD 4,328 million against CAD 5,484 million a year ago. Basic earnings per share was CAD 5.89 against CAD 7.28 a year ago. Diluted earnings per share was CAD 5.87 against CAD 7.24 a year ago.

The company provided earnings guidance for full year of 2019. With its specific growth opportunities, combined with a broadly positive economic backdrop, they expect high single-digit volume growth in 2019 in terms of revenue ton miles (RTMs). The company expects to deliver EPS growth in the low double-digit range this year compared to adjusted diluted EPS of CAD 5.50 in 2018.