Canadian Pacific Railway Limited (CP) PT Raised to $230 at Credit Suisse

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CP reports record fourth-quarter; sustainable, profitable growth continues into 2019

January 23, 2019 4:12 PM EST

CALGARY, Jan. 23, 2019 /PRNewswire/ - Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) today announced its fourth-quarter results, including revenues of $2.0 billion, an operating ratio of 56.5 percent and record operating income of $874 million(1). Fourth-quarter diluted earnings per share ("EPS") decreased 43 percent to $3.83 from $6.77, however, adjusted diluted EPS rose 41 percent to a new quarterly record of $4.55 from $3.22 a year ago.

FOURTH-QUARTER 2018 RESULTS

Revenues increased 17 percent to $2.0 billion, from $1.7 billion Operating ratio improved by 370 basis points to 56.5 percent(1) Operating income rose 28 percent... More