Click to copy
Click to copy

Canadian Pacific: 2Q Earnings Snapshot

July 16, 2019

CALGARY, Alberta (AP) _ Canadian Pacific Railway Ltd. (CP) on Tuesday reported second-quarter net income of $541.3 million.

The Calgary, Alberta-based company said it had net income of $3.86 per share. Earnings, adjusted for pretax gains and non-recurring gains, came to $3.21 per share.

The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $3.19 per share.

The railroad posted revenue of $1.48 billion in the period, which fell short of Street forecasts. Seven analysts surveyed by Zacks expected $1.5 billion.

Canadian Pacific shares have risen 33% since the beginning of the year. The stock has risen 26% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CP at https://www.zacks.com/ap/CP

All contents © copyright 2019 The Associated Press. All rights reserved.