Canadian Pacific Railway (CP) Tops Q2 EPS by 63c, Beats on Revenues

Canadian Pacific Railway (NYSE: CP) reported Q2 EPS of $2.77, $0.63 better than the analyst estimate of $2.14. Revenue for the quarter came in at $1.64 billion versus the consensus estimate of $1.28 billion.

SECOND-QUARTER HIGHLIGHTS

• Total revenues grew 13 percent to $1.64 billion
• Operating ratio improved 330 basis points to a second-quarter record of 58.7 percent
• Operating income increased 23 percent to $679 million, a second-quarter record
• Adjusted income climbed 30 percent to $407 million, with adjusted diluted earnings per share increasing 35 percent to $2.77
• Cash from operations for the first six months rose to $922 million from $730 million a year earlier, supporting a gain in free cash flow to $361 million from $173 million in the same period

For earnings history and earnings-related data on Canadian Pacific Railway (CP) click here.

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