Canadian Pacific Kansas City Shares Down on Adjusted. Earnings, Revenue Misses
By Adriano Marchese
Shares in Canadian Pacific Kansas City were down Wednesday morning after the Canadian railroad missed targets for revenue and adjusted earnings in the first quarter.
In early trading, shares were down 3.6% at 115.54 Canadian dollars ($84.57).
CPKC reported core adjusted earnings were C$0.93 a share, just shy of analyst expectations of C$0.94 a share, according to FactSet.
While revenue rose to C$3.52 billion from C$2.27 billion, analysts were expecting a rise to C$3.54 billion in the quarter.
Net income came in at C$774 million, or C$0.83 a share, down from C$800 million, or C$0.86 a share, in the comparable quarter a year ago.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
April 24, 2024 10:21 ET (14:21 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
After Earnings, Is Berkshire Hathaway Stock a Buy, a Sell, or Fairly Valued?
-
For Bond Investors, Delayed Rate Cuts Demand a Different Playbook
-
What’s Happening In the Markets This Week
-
How the Tokyo Stock Exchange Is Pushing for Better Shareholder Returns
-
Magnificent 7 Stocks Earnings Updates: AI Remains the Focus
-
Where We See Opportunities After an Ugly Month for Stocks
-
After Earnings, Is Alphabet Stock a Buy, a Sell, or Fairly Valued?
-
When Will the Fed Start Cutting Interest Rates?
-
Berkshire Hathaway Earnings: Strong Insurance Results Continue to Lift Revenue and Profitability
-
10 Questions for Berkshire Hathaway’s 2024 Annual Meeting
-
After Earnings, Is Ford Stock a Buy, a Sell, or Fairly Valued?
-
3 Dividend Stocks for May 2024
-
Amgen Earnings: Obesity Drug Update Is Highly Encouraging
-
What’s Going on With Apple, Tesla, and Alphabet?
-
Apple Earnings: A Weak 2024, but Optimism for 2025
-
4 Utility Stocks to Play the AI Data Center Boom