CP Rail slashes outlook as pandemic, protests take toll on first quarter profit [Toronto Globe and Mail (Ontario, Canada)]
Canadian Pacific Railway Limited (CP)
Last canadian pacific railway limited earnings: 4/21 04:24 pm
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Source: Toronto Globe and Mail
CP Rail slashes outlook as pandemic, protests take toll on first quarter profit Canadian Pacific Railway Ltd. has slashed its outlook amid the COVID-19 pandemic. The Calgary-based railway said it expects revenue ton miles will fall by about 5 per cent this year, and adjusted profit will be flat, compared to 2019. CP, Canada’s second-largest railway, said first-quarter profit fell by 4 per cent to $409-million, or $2.98 a share, from $434-million ($3.09) in the first quarter of 2019. For three months ending March 31, revenue rose by 16 per cent to $2.04-billion, CP said in financial results released after markets closed on Tuesday. The first quarter included several weeks of sporadic protests that blocked railways across Canada, in support of the Wet’suwet’en hereditary chiefs who oppose the Coastal GasLink’s $6.6-billion natural gas pipeline through their territory in British Columbia. The COVID-19 outbreak has devastated economies and capital markets. The deadly virus has caused a st
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CP
Earnings
- 10/29/25 - Beat
CP
Sec Filings
- 10/31/25 - Form 8-K
- 10/30/25 - Form 10-Q
- 10/29/25 - Form 8-K
- CP's page on the SEC website