Canadian Pacific Railway (CP) Posts Q3 EPS of C$2.73; Names Permanent CFO

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Go back to Canadian Pacific Railway (CP) Posts Q3 EPS of C$2.73; Names Permanent CFO

CP reports Q3 2016 diluted earnings per share of $2.34; adjusted diluted EPS of $2.73

October 19, 2016 8:30 AM EDT

CALGARY, Oct. 19, 2016 /PRNewswire/ - Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) today announced third-quarter reported diluted earnings per share (EPS) of $2.34, adjusted diluted EPS of $2.73 and an operating ratio of 57.7 percent, the lowest-ever when compared to adjusted operating ratios in previous quarters.[1]  

"Despite decreased revenues, tied to a delayed grain harvest and stiff economic headwinds, our business model continues to perform on the cost side," said E. Hunter Harrison, CP's Chief Executive Officer. "Our commitment to efficiency, asset optimization, and operational excellence has produced yet another record-low... More

Nadeem Velani named CP's Chief Financial Officer

October 19, 2016 8:25 AM EDT

CALGARY, Oct. 19, 2016 /PRNewswire/ - Canadian Pacific (TSX: CP) (NYSE: CP) today announced that Nadeem Velani has been named Vice-President and Chief Financial Officer. Velani had been serving as Vice-President and interim CFO since September 9, 2016.

"Working closely with the board and after performing all necessary due diligence, we are pleased to name Nadeem our Chief Financial Officer," said E. Hunter Harrison, CP's Chief... More