Canadian Pacific Reports Strong Q4 Earnings, Tops Estimates
CALGARY, Alberta (AP) — Canadian Pacific Kansas City Limited (CP) released its fourth-quarter financial results on Wednesday, showcasing strong performance and surpassing analysts' expectations.
Key Highlights:
* Net income: $858.4 million or $0.92 per diluted share
* Adjusted earnings per share: $0.92
* Revenue: $2.77 billion
Analyst Consensus:
* Earnings per share: $0.87 (forecast by Zacks Investment Research)
* Revenue: $2.72 billion (forecast by Zacks)
Annual Performance:
* Net income: $2.71 billion
* Earnings per share: $2.90
* Revenue: $10.62 billion
CP's financial performance exceeded expectations, driven by increased rail traffic and favorable market conditions. The company attributed its strong quarterly results to operational efficiency and a focus on customer-centric initiatives.
This report is powered by Automated Insights utilizing data from Zacks Investment Research. For more detailed insights and analysis, please visit https://www.zacks.com/ap/CP.