Canadian Pacific Kansas City Q1 Profit Declines 3%; Results Miss Estimates

RTTNews | 11 days ago
Stocktwits
Canadian Pacific Kansas City Q1 Profit Declines 3%; Results Miss Estimates

(RTTNews) - Canadian Pacific Kansas City Ltd. (CP, CP.TO) reported Wednesday that first-quarter net income attributable to controlling shareholders declined to 3 percent to C$775 million or C$0.83 per share from C$800 million or C$0.86 per share in the prior-year quarter.

Excluding items, core adjusted combined earnings for the quarter was C$0.93 per share, compared to C$0.90 per share in the year-ago quarter.

Total revenues for the quarter surged 55 percent to C$3.52 billion from C$2.27 billion in the same quarter last year.

On average, analysts polled by Thomson Reuters expected the company to report earnings of C$0.94 per share on revenues of C$3.54 billion for the quarter. Analysts' estimates typically exclude special items.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Tags: CP.TO CP
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Indonesia GDP Data Due On Monday

Indonesia GDP Data Due On Monday

Indonesia will on Monday release Q1 figures for gross domestic product, highlighting a light day for Asia-Pacific economic activity. In the previous three months, GDP was up 0.45 percent on quarter and 5.04 percent on year.
RTTNews | 4h 5min ago
TSX Ends On Firm Note

TSX Ends On Firm Note

The Canadian market ended on a firm note on Friday on easing concerns about the outlook for Fed interest rates after data showed a slowdown in U.S. employment growth.
RTTNews | 2 days ago
Swiss Market Ends On Firm Note

Swiss Market Ends On Firm Note

The Switzerland market ended on a firm note on Friday, after staying positive right through the day's session thanks to some encouraging earnings updates, and easing worries about the outlook for interest rates.
RTTNews | 2 days ago
Canadian Market Firmly Up In Positive Territory

Canadian Market Firmly Up In Positive Territory

The Canadian market is modestly higher in late morning trades on Friday, lifted by gains in healthcare, real estate, communications and utilities sectors. Strong results from iPhone maker Apple Inc., and slightly easing concerns about the outlook for interest rates after the latest batch of economic data from the U.S. help underpin sentiment.
RTTNews | 2 days ago
U.S. Service Sector Activity Contracts For First Time Since December 2022

U.S. Service Sector Activity Contracts For First Time Since December 2022

After growing for fifteen consecutive months, U.S. service sector activity unexpectedly contracted in the month of April, according to a report released by the Institute for Supply Management on Friday. The ISM said its services PMI dipped to 49.4 in April from 51.4 in March, with a reading below 50 indicating contraction. Economists had expected the index to inch up to 52.0.
RTTNews | 2 days ago
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