Canadian Pacific Railway (CP) Tops Q1 EPS by 64c

Canadian Pacific Railway (NYSE: CP) reported Q1 EPS of $2.50, $0.64 better than the analyst estimate of $1.86. Revenue for the quarter came in at $1.59 billion versus the consensus estimate of $1.19 billion.

FIRST-QUARTER HIGHLIGHTS

• Revenues increased 1 percent to $1,603 million from $1,591 million
• Reported diluted EPS fell 17 percent to $2.93 from $3.51 and adjusted diluted EPS were flat year-over-year at $2.50
• Reported operating ratio decreased by 80 basis points to 58.1 percent from 58.9 percent. The operating ratio in the first quarter of 2017 includes a $51-million recovery associated with the early departure of the previous CEO
• Adjusted operating ratio, which excludes this gain, increased by 240 basis points in the first quarter of 2017 to 61.3 percent.

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

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