Canadian Pacific Kansas City (CP) Misses Q3 EPS by 2c; offers outlook

Canadian Pacific Kansas City (NYSE: CP) reported Q3 EPS of Cdn$0.99, Cdn$0.02 worse than the analyst estimate of Cdn$1.01. Revenue for the quarter came in at Cdn$3.5 billion versus the consensus estimate of Cdn$3.59 billion.

OUTLOOK

2024 Guidance
CPKC now expects RTMs3 to increase mid-single digits vs 2023 on a combined basis. CPKC continues to expect 2024 core adjusted combined diluted EPS1 to grow double digits versus 2023 core adjusted combined diluted EPS1 of $3.84.

For earnings history and earnings-related data on Canadian Pacific Kansas City (CP) click here.

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