Canadian Pacific Railway (CP) Tops Q4 EPS by CAD$0.23
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CP reports record low operating ratio for fourth quarter and full year amid challenging conditions
January 18, 2017 4:01 PM ESTCALGARY, Jan. 18, 2017 /PRNewswire/ - Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) today announced its lowest-ever fourth-quarter operating ratio ("OR") of 56.2 percent and a record-low full-year OR of 58.6 percent as focussed cost control helped offset softer than expected volumes.
Fourth-quarter revenues decreased 3 percent to C$1.64 billion from $1.69 billion, while diluted earnings per share ("EPS") increased 25 percent to $2.61 from $2.08 and adjusted diluted EPS rose 12 percent to $3.04 from $2.72.
"While the fourth quarter was weighed down by challenging operating conditions, including unexpected and extreme... More
