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Canadian Pacific Kansas City Q3 Adjusted Earnings, Revenue Increase
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Canadian Pacific Kansas City Q3 Adjusted Earnings, Revenue Increase
Oct 24, 2024 12:07 PM

04:58 PM EDT, 10/23/2024 (MT Newswires) -- Canadian Pacific Kansas City ( CP ) reported Q3 core adjusted combined earnings late Wednesday of CA$0.99 ($0.72) per diluted share, up from CA$0.92 a year earlier.

Analysts polled by Capital IQ expected CA$1.01.

Revenue for the quarter that ended Sept. 30 was CA$3.55 billion, up from CA$3.34 billion a year earlier.

Analysts surveyed by Capital IQ expected CA$3.60 billion.

The company reiterated its full-year 2024 core adjusted combined EPS will grow in double digits from CA$3.84 per diluted share a year ago. Analysts surveyed by Capital IQ expect CA$4.27.

The company said it expects revenue ton-miles to increase in the mid-single digits versus 2023 on a combined basis.

Price: 78.50, Change: -0.33, Percent Change: -0.42

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