Shares drop 3.6% as earnings and revenue fall short

  • Canadian Pacific Kansas City shares down on missed earnings and revenue targets
  • Shares down 3.6% in early trading
  • Core adjusted earnings slightly below analyst expectations
  • Revenue rose to C$3.52 billion from C$2.27 billion
  • Net income decreased to C$774 million from C$800 million

Shares in Canadian Pacific Kansas City were down Wednesday morning after the Canadian railroad missed targets for revenue and adjusted earnings in the first quarter. In early trading, shares were down 3.6% at 115.54 Canadian dollars ($84.57). CPKC reported core adjusted earnings were C$0.93 a share, just shy of analyst expectations of C$0.94 a share, according to FactSet. While revenue rose to C$3.52 billion from C$2.27 billion, analysts were expecting a rise to C$3.54 billion in the quarter. Net income came in at C$774 million, or C$0.83 a share, down from C$800 million, or C$0.86 a share, in the comparable quarter a year ago.

Factuality Level: 9
Factuality Justification: The article provides specific details about Canadian Pacific Kansas City’s performance in the first quarter, including revenue, adjusted earnings, and analyst expectations. The information is clear, concise, and based on factual data without any apparent bias or sensationalism.
Noise Level: 3
Noise Justification: The article provides relevant information about Canadian Pacific Kansas City missing revenue and earnings targets in the first quarter. It includes specific numbers and comparisons with analyst expectations. The article stays on topic and does not contain irrelevant information. However, it lacks in-depth analysis, antifragility considerations, and accountability of powerful people. Overall, the article is concise and focused on the financial performance of the company.
Financial Relevance: Yes
Financial Markets Impacted: Shares of Canadian Pacific Kansas City
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article pertains to financial topics as it discusses the performance of Canadian Pacific Kansas City and its missed targets for revenue and adjusted earnings in the first quarter. However, there is no mention of any extreme event.
Public Companies: Canadian Pacific Kansas City (CPKC)
Key People:

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