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Stock impact report

CP Rail fourth-quarter profit falls on rising costs, supply chain woes [Globe and Mail, The (Toronto, Canada)]

Canadian National Railway Company (CNI) 
Last canadian national railway company earnings: 4/27 04:01 pm Check Earnings Report
US:NYSE Investor Relations: cn.ca/en/investors
CP's profit fell to $532-million, or 74 cents a share, from $802-million ($1.19 ), compared with the same period a year earlier. Revenue rose by 1 per cent to $2.04-billion. For the full year, profit increased to $2.85-billion ($4.18) from $2.44-billion ($3.59). Revenue climbed by 4 per cent to $8-bilion. Heavy rain and flooding washed out railways, roads and bridge in British Columbia in November, killing at least four people. Rail traffic into the Port of Vancouver was halted for several days. “CP's world-class railroaders relied on our strong operating model and commitment to controlling what we can control to safely deliver for customers and shareholders despite the unique challenges faced in the quarter,” Keith Creel, CP chief executive officer, said in a statement accompanying the financial results, which were released after markets closed on Thursday. CP is awaiting a regulatory review of its proposed US$27-billion takeover of Kansas City Southern, a deal that would br Show less Read more
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