Canadian Pacific Railway (CP) Tops Q1 EPS by 7c

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Go back to Canadian Pacific Railway (CP) Tops Q1 EPS by 7c

CP reports record Q1 2015 OR of 63.2 percent and earnings per share of C$1.92

April 21, 2015 8:31 AM EDT

Q1 adjusted earnings per share climb to $2.26

CALGARY, April 21, 2015 /PRNewswire/ - Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) today announced the lowest first-quarter operating ratio in the company's history and the highest-ever net income for the period.

Revenues climbed 10 percent to a first-quarter record of $1.67 billion. Net income rose to an all-time quarterly high of $320 million, or $1.92 per diluted share, an improvement of 33 percent. Adjusted earnings per share improved 59 percent to $2.26.

"CP's success in the first quarter of the year is the... More