NewsBeat
CPKC Profit Down, Revenue Up in Challenging Market
Canadian Pacific Kansas City posted a drop in fourth-quarter profit on slightly higher revenue in what the railroad operator described as a challenging market.
The Calgary, Alberta-based company Wednesday reported a profit of C$1.08 billion, or the equivalent of $795.6 million, compared with nearly C$1.2 billion a year earlier. On a per-share basis, profit came in at $1.20, down from $1.28 a year earlier.
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