Canadian Pacific KC (CP) Q2 Earnings & Sales Beat Estimates

Canadian Pacific Kansas City’s (CP) second-quarter 2024 earnings (excluding 6 cents from non-recurring items) of 77 cents per share beat the Zacks Consensus Estimate of 74 cents. The bottom line improved 24.2% on a year-over-year basis. Results were aided by strong operational efficiency.Operating revenues of $2.63 billion marginally beat the Zacks Consensus Estimate of $2.60 billion. The top line improved by 11.4% on a year-over-year basis due to synergies and favorable operating and safety performance.Fre ...