CP - Why Is Canadian Pacific Kansas City Stock Falling Today? | Benzinga
Canadian Pacific Kansas City Limited (NYSE:CP) reported first-quarter 2024 revenue growth of 55.3% year-over-year to CA$3.52 billion, missing the consensus of CA$3.54 billion.
CP reported an operating ratio increase of 400 bps to 67.4% from 63.4% a year ago. Adjusted operating ratio increased 50 bps to 64%.
“One year into our historic combination, I am proud of what our dedicated family of railroaders has accomplished as we deliver on the benefits of our unrivalled network – spurring competition, increasing safety and connecting ...