A decline in revenue dampened Canadian Pacific’s (NYSE: CP) profits for the third quarter.
CP’s net income was C$598 million (US$453 million), or $4.41 per diluted share, for the third quarter of 2020, compared with $618 million, or $4.46 per diluted share, in the third quarter of 2019. This was a 3% decline year-over-year. All figures are in Canadian dollars.
“This quarter played out as we expected. Following our record Q2 performance, we steadily built momentum through the quarter and finished...
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