Recap: Canadian Pacific Railway Q3 Earnings

Shares of Canadian Pacific Railway CP were flat in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share were down 11.71% over the past year to $3.09, which missed the estimate of $3.23.

Revenue of $1,398,000,000 decreased by 7.05% from the same period last year, which missed the estimate of $1,410,000,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Details Of The Call

Date: Oct 20, 2020

Time: 09:00 AM

ET Webcast URL: https://produceredition.webcasts.com/starthere.jsp?ei=1290349&tp_key=17d70fee2a

Price Action

52-week high: $327.40

Company's 52-week low was at $173.26

Price action over last quarter: Up 17.45%

Company Overview

Canadian Pacific is a CAD 7.3 billion railroad operating on 12,500 miles of track across most of Canada and into parts of the Midwestern and Northeastern United States. It is the second-smallest Class I railroad by revenue and route miles. In 2019, CP hauled shipments of grain (22% of freight revenue), intermodal containers (21%), energy products (like crude and frac sand), chemicals, and plastics (20%) coal (9%), fertilizer and potash (9%%), automotive products (5%), and a diverse mix of other merchandize.