Canadian Pacific Railway (CP) Misses Q2 EPS by 1c

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Go back to Canadian Pacific Railway (CP) Misses Q2 EPS by 1c

CP reports Q2 2015 diluted earnings per share of C$2.36; adjusted EPS of $2.45

July 21, 2015 8:30 AM EDT

Revises full-year 2015 earnings outlook

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

Net income rose to a record quarterly high of $390 million, or $2.36 per diluted share, an improvement of 12 percent. Adjusted earnings per share gained 16 percent to $2.45. Revenues were little changed at $1.65 billion.

"CP remains disciplined during this period of economic uncertainty in identifying opportunities to control costs and improve efficiency to... More