CP Rail earns $1.27B , revenue up 21 per cent in Q4
BNN Bloomberg
Canadian Pacific Railway says it earned $1.27 billion in the fourth quarter of 2022, compared with $532 million in the same period of 2021.
The diluted profit worked out to $1.36 per share, compared to 74 cents per share in the prior year's quarter.
The Calgary-headquartered company reported revenue of $2.46 billion, a 21 per cent increase from the same period of 2021.
CP says its freight revenue per carload for the fourth quarter was $3,381, an 11 per cent increase year-over-year.
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