On strength of service and operating model, CP reports sub-60 operating ratio and revenues of $1.86B
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UPDATE: Canadian Pacific Railway (CP) Reports Q3 EPS of Cdn$4.41 on Revenues of Cdn$1.86B
October 20, 2020 8:34 AM EDT(Updated - October 20, 2020 8:35 AM EDT)
Canadian Pacific Railway (NYSE: CP) reported Q3 EPS of Cdn$4.41, versus Cdn$4.46 reported last year. Revenue for the quarter came in at Cdn$1.86 billion, versus Cdn$1.93 billion reported last year.
Third-quarter highlights
Strong operational performance in average train weights and average train lengthsRevenues decreased by 6 percent to $1.86 billion from $1.98 billion last yearReported diluted EPS of $4.41, a 1 percent decrease from $4.46 last year, and adjusted diluted EPS of $4.12, an 11 percent decrease from $4.61 last yearOperating ratio was 58.2 percent, a 210 basis point increase over last year's third-quarter operating ratio of 56.1... More