TSX:CPTransportation
Canadian Pacific Kansas City (TSX:CP) Stock Hinges On Margin Strength And Debt Risk
Canadian Pacific Kansas City stock has barely moved this month, yet the latest quarter gave investors something more concrete to react to. Q2 revenue reached CA$4,164m and basic earnings per share came in at CA$1.16, while the core adjusted operating ratio was 61.6%. The market had been focused on margin pressure and a high debt load. The headline from these results is that profitability is holding up well enough that management felt comfortable reaffirming its outlook for another year of...