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Company News

Canadian Pacific quarterly profit falls 3%

Oct 20 (Reuters) - Canadian Pacific Railway Ltd posted a 3.2% fall in third-quarter profit on Tuesday, hurt by lower freight volumes during the COVID-19 pandemic.

Net income fell to C$598 million ($453.48 million), or C$4.41 per share, in the three months ended Sept. 30, from C$618 million, or C$4.46 per share, a year earlier.

Revenue declined by about 6% to C$1.86 billion. ($1 = 1.3187 Canadian dollars) (Reporting by Sanjana Shivdas in Bengaluru; Editing by Ramakrishnan M.)

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