Canadian Pacific Kansas City Q1 Profit Declines 3%; Results Miss Estimates

RTTNews | 873 days ago
Canadian Pacific Kansas City Q1 Profit Declines 3%; Results Miss Estimates

(RTTNews) - Canadian Pacific Kansas City Ltd. (CP, CP.TO) reported Wednesday that first-quarter net income attributable to controlling shareholders declined to 3 percent to C$775 million or C$0.83 per share from C$800 million or C$0.86 per share in the prior-year quarter.

Excluding items, core adjusted combined earnings for the quarter was C$0.93 per share, compared to C$0.90 per share in the year-ago quarter.

Total revenues for the quarter surged 55 percent to C$3.52 billion from C$2.27 billion in the same quarter last year.

On average, analysts polled by Thomson Reuters expected the company to report earnings of C$0.94 per share on revenues of C$3.54 billion for the quarter. Analysts' estimates typically exclude special items.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

read more
Asian Markets Track Wall Street Lower

Asian Markets Track Wall Street Lower

Asian stock markets are trading mostly lower on Tuesday, following the broadly negative cues from Wall Street overnight, as traders remain concerned about the uncertainty in the Middle East conflict. Higher bond yields and soaring crude oil prices fueled global inflation concerns and indicated an imminent interest rate hike from the US Fed this week. Asian markets closed mostly lower on Monday.
RTTNews | 54 minutes ago
Lower Open Expected For Thai Stock Market

Lower Open Expected For Thai Stock Market

The Thai stock market has moved lower in four straight sessions, retreating almost 30 points or 1.9 percent along the way. The Stock Exchange of Thailand now sits just above the 1,590-point plateau and it's expected to spin its wheels again on Tuesday.
RTTNews | 2h 11min ago
Indonesia Bourse May See Continued Consolidation On Tuesday

Indonesia Bourse May See Continued Consolidation On Tuesday

The Indonesia stock market has finished lower in four straight sessions, sinking more than 150 points or 2.3 percent along the way. The Jakarta Composite Index now sits just above the 6,530-point plateau and it's looking at another soft start again on Tuesday.
RTTNews | 2h 41min ago
Japanese Market Modestly Lower

Japanese Market Modestly Lower

The Japanese stock market is trading modestly lower on Tuesday, extending the losses in the previous two sessions, following the broadly negative cues from Wall Street overnight, with the Nikkei 225 falling well below the 63,400 level, with weakness in automakers and financial stocks partially offset by gains in index heavyweights.
RTTNews | 2h 47min ago
Hang Seng May Hand Back Monday's Gains

Hang Seng May Hand Back Monday's Gains

The Hong Kong stock market on Monday halted the five-day losing streak in which it had given up more than 850 points or 3 percent. The Hang Seng Index now sits just shy of the 24,920-point plateau although it may head south again on Tuesday.
RTTNews | 2h 56min ago
Losing Streak May Continue For China Stock Market

Losing Streak May Continue For China Stock Market

The China stock market has moved lower in three straight sessions, slumping more than 65 points or 1.7 percent in that span. The Shanghai Composite Index now sits just above the 3,885-point plateau and it's tipped to open in the red again on Tuesday.
RTTNews | 3h 11min ago