News Formal

Canadian Pacific Kansas City first-quarter earnings up more than 35 per cent

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 92%

Business News News

Business Business Latest News,Business Business Headlines

Revenues for the quarter ended March 31 were $2.27-billion, up more than 23 per cent from $1.84-billion a year earlier

says its net income for the first quarter of 2023 was $800 million, up more than 35 per cent from $590 million a year earlier.

The Calgary-based railway company says diluted earnings per share were 86 cents, up more than 36 per cent from 63 cents the same quarter last year. Revenues for the quarter ended March 31 were $2.27 billion, up more than 23 per cent from $1.84 billion a year earlier. This is the first earnings report since Canadian Pacific Railway officially combined with Kansas City Southern Railway on April 14 after the U.S. rail regulator approved the US$31 billion deal in March.

CPKC says core adjusted earnings per share, which exclude significant items and accounting related to its purchase of Kansas City Southern, were 90 cents, up from 67 cents a year earlier.Tickers mentioned in this story

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Canadian Pacific Kansas City first-quarter earnings up more than 35% - BNN BloombergCanadian Pacific Kansas City says its net income for the first quarter of 2023 was $800 million, up more than 35 per cent from $590 million a year earlier.
Source: BNNBloomberg - 🏆 83. / 50 Read more »