Canadian Pacific Railway (NYSE: CP) reported Q4 EPS of Cdn$4.55, Cdn$0.32 better than the analyst estimate of Cdn$4.23. Revenue for the quarter came in at Cdn$2 billion versus the consensus estimate of Cdn$1.94 billion.

FULL-YEAR 2019 GUIDANCE

• Double-digit adjusted diluted EPS growth versus 2018 adjusted diluted EPS of $14.51
• Mid-single digit volume growth, as measured in revenue ton miles
• Capital expenditures of $1.6 billion

CP's guidance is based on the following key assumptions:

• U.S.-to-Canadian dollar exchange rate of approximately 1.30
• Effective tax rate of 25.5 to 26 percent
• Other components of net periodic benefit recovery to increase by $11 million versus 2018
• No material land sales

"Each day I look at our team of railroaders and I am proud to be their CEO," Creel said. "We are entering 2019 with tremendous momentum and a commitment to operating the precision scheduled railroading model in its true form."

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

Earnings

Canadian Pacific Railway Limited (CP:CN) (CP) PT Raised to Cdn$277 at Morgan StanleyJanuary 24, 2019 8:57 AM Canadian Pacific Railway Limited (CP:CN) (CP) PT Raised to Cdn$315 at CIBCJanuary 24, 2019 8:55 AM Canadian Pacific Railway Limited (CP:CN) (CP) PT Raised to Cdn$337 at JPMorganJanuary 24, 2019 8:52 AM Canadian Pacific Railway Limited (CP:CN) (CP) PT Raised to $230 at Credit SuisseJanuary 24, 2019 8:04 AM Canadian Pacific Railway Limited (CP) PT Raised to $215 at Stephens Following 4Q January 24, 2019 7:56 AM Canadian Pacific Railway Limited (CP) PT Raised to $230 at Credit SuisseJanuary 24, 2019 7:12 AM Canadian Pacific Railway Limited (CP:CN) (CP) PT Raised to Cdn$334 at RBC CapitalJanuary 24, 2019 6:31 AM CP reports record fourth-quarter; sustainable, profitable growth continues into 2019January 23, 2019 4:12 PM