US Markets
CP

Canadian Pacific quarterly profit falls 3%

Credit: REUTERS/BEN NELMS

Canadian Pacific Railway Ltd posted a 3.2% fall in third-quarter profit on Tuesday, hurt by lower freight volumes during the COVID-19 pandemic.

Oct 20 (Reuters) - Canadian Pacific Railway Ltd CP.TO posted a 3.2% fall in third-quarter profit on Tuesday, hurt by lower freight volumes during the COVID-19 pandemic.

Net income fell to C$598 million ($453.48 million), or C$4.41 per share, in the three months ended Sept. 30, from C$618 million, or C$4.46 per share, a year earlier.

Revenue declined by about 6% to C$1.86 billion.

($1 = 1.3187 Canadian dollars)

(Reporting by Sanjana Shivdas in Bengaluru; Editing by Ramakrishnan M.)

((SanjanaSitara.Shivdas@thomsonreuters.com; within U.S. +1 646 223 8780, outside U.S. +91 80 6749 1642; Twitter: @SanjanaShivdas;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

CP

Latest Markets Videos

    Reuters

    Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

    Learn More