Canadian Pacific Railway (CP) Tops Q2 EPS by 8c

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Go back to Canadian Pacific Railway (CP) Tops Q2 EPS by 8c

CP reports second quarter revenue growth of 7 percent; poised for strong back half of 2018

July 18, 2018 4:01 PM EDT

CALGARY, July 18, 2018 /PRNewswire/ - Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) today announced second quarter revenues of $1.75 billion, an increase of 7 percent from last year, and reported diluted earnings per share (EPS) of $3.04, or $3.16 on an adjusted diluted EPS basis.

"Overall, it was a good quarter that sets the franchise up well for the remainder of 2018 and beyond," said Keith Creel, CP President and Chief Executive Officer. "Our quarterly performance was impacted by service interruptions related to labour negotiations and strike notices.... More