RBC Capital Upgrades Canadian Pacific Railway Limited (CP) to Outperform

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Go back to RBC Capital Upgrades Canadian Pacific Railway Limited (CP) to Outperform

CP reports record fourth quarter and full-year earnings

January 21, 2016 8:30 AM EST

CALGARY, Jan. 21, 2016 /PRNewswire/ - Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) today announced fourth-quarter reported diluted earnings per share of C$2.08 and adjusted diluted earnings per share of $2.72, the highest ever for the period. For the full year, reported diluted earnings per share were $8.40 while adjusted diluted earnings per share climbed to a record $10.10, a 19-percent improvement over 2014's adjusted EPS of $8.50.

CP's commitment to operational efficiency produced a fourth-quarter adjusted and reported operating ratio of 59.8 percent, matching the record-setting performance of a year... More