Canadian Pacific Railway (NYSE: CP) reported Q3 EPS of $2.31, $0.08 worse than the analyst estimate of $2.39. Revenue for the quarter came in at $1.67 billion versus the consensus estimate of $1.7 billion.

"The CP team delivered another quarter of impressive results," said E. Hunter Harrison, CP's Chief Executive Officer. "Going forward, we will continue to execute on our plan of delivering safe, superior service to our customers, focusing on further efficiency and capacity initiatives and building on our solid foundation for growth."

"Despite recent volatility in commodity prices, we are confident in the strength of the franchise and are on track to finish the year with CP's strongest quarter to date," Harrison said.

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