In spite of ongoing supply chain issues, CP has reported second quarter revenue of $2.2 billion, up seven per cent compared to the same quarter in 2021.
CP’s stock is trading at $100.78 per share as of Friday, indicating some recovery following a June dip to $87.50. The company’s stock is trading nearly 10 per cent higher compared to July 2021. According to analysis by Dejardins, the long-term prospects of the KCS acquisition could offset any revenue losses from continued supply chain disruptions.CN’s stock seems to be recovering after dropping to $143.20 per share in May. Despite the tumble, the company’s stock is still up approximately 19.10 per cent compared to July 2021.
In a call to investors last week, CN president and CEO Tracy Robinson said the operating ratio for the quarter was 59 per cent, an improvement of 260 basis points compared to the second quarter of 2021.Analysis firm Morningstar reports that CN’s total carload volume for the quarter fell slightly short of their predictions, staying relatively flat compared to the same period in 2021.