CN’s Fourth-Quarter Profit Rises

Canadian National Railway Co. said its fourth-quarter net income rose C$833 million or C$1.68 per share, from C$499 million or 95 cents per share a year earlier.

Revenue fell 3% to C$1.94 billion, the railroad said in a statement late Tuesday.

For the full year, CN’s profit rose 3.4% to $C2.16 billion or C$4.25 per share, from C$2.09 billion, or C$3.91 per share a year earlier. Revenue dipped 0.4% to C$7.9 billion.