Teamsters serves CP Rail with 72-hour strike notice; earnings miss [Business News Network (BNN) Energy & Resources (Canada)]
Canadian Pacific Kansas City Limited Common Shares (CP)
Last canadian pacific kansas city limited common shares earnings: 4/21 04:24 pm
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US:NYSE Investor Relations:
investor.cpr.ca/financials/default.aspx
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Source: Business News Network
Teamsters serves CP Rail with 72-hour strike notice; earnings miss CALGARY -- Severe winter weather that left grain farmers complaining about poor rail service is being blamed for disappointing first-quarter earnings at Canadian Pacific Railway Ltd. as it deals with the potential for further disruption amid a potential strike this weekend. The company, which was handed 72-hour strike notices Wednesday by about 3,400 workers in two of its unions, reported after markets closed that it earned $348 million in the first three months of the year, down from $431 million a year ago, despite a four per cent increase in revenue to $1.66 billion . Reported diluted earnings per share were $2.41, an 18 per cent decrease from $2.93 a year earlier, and short of analyst expectations of $2.64 according to Thomson Reuters. "This was a challenging quarter, as we battled extreme weather and unprecedented demand, specifically in the northern reaches of our network," CEO Keith Creel said in a news release.
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CP
News
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CP
Earnings
- 4/24/24 - Beat
CP
Sec Filings
- 4/24/24 - Form 8-K
- 4/24/24 - Form 10-Q
- 4/24/24 - Form 8-K
- CP's page on the SEC website