Joanna Marsh
Tuesday, October 20, 2020
Revenue decline dampens Canadian Pacific’s Q3 profit
Canadian Pacific’s net income fell 3% in the third quarter.
Canadian Pacific’s net income fell 3% in the third quarter.
Railcar manufacturer Greenbrier trimmed its output and headcount in its fiscal year third quarter in response to the COVID-19 pandemic.
CMA CGM reported solid results for the third quarter of 2019. However, those results were weighed down by the costs of financing its purchase of CEVA Logistics.
Morgan Stanley, Susquehanna, and Deutsche Bank cut their price targets; Stifel maintained.
Ryder System (NYSE: R) reported record total revenue and record operating revenue for the third quarter. Both total and operating revenue grew across all business segments, which the company attributed to new business and higher volumes.