Canadian Pacific Railway (CP) Misses Q1 EPS by 19c

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CP reports first-quarter revenues of $1.77 billion; strong momentum heading into second quarter

April 23, 2019 4:01 PM EDT

CALGARY, April 23, 2019 /PRNewswire/ - Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) today announced first-quarter revenues of $1.77 billion and reported diluted earnings per share (EPS) of $3.09, or $2.79 on an adjusted diluted EPS basis.

"This past winter was one of the most challenging in my railroading career," said CP President and Chief Executive Officer, Keith Creel. "I applaud our employees for their resiliency in overcoming loss and pushing through extraordinary conditions and challenges throughout February and March. Our commitment to precision scheduled railroading enabled a strong recovery,... More