Canadian Pacific Q2 Profit Jumps - Quick Facts

(RTTNews) - Canada's second largest railroad operator Canadian Pacific Railway Ltd. (CP, CP.TO) posted significantly higher reported net income of C$252 million, or C$1.43 per share in the second quarter, versus C$103 million, or C$0.60 per share, a year ago. On average, 18 analysts polled by Thomson Reuters expected earnings per share of C$1.49 for the quarter. Analysts' estimates typically exclude one-time items.

Quarterly total revenues were C$1.5 billion, up 10 percent from last year's C$1.37 billion. Analysts estimated revenues of C$1.52 billion for the quarter. Operating ratio for the period was 71.9 percent, a 1,060 basis-point improvement and an all-time quarterly record, according to the company.

Additionally, CP remains confident with the financial guidance it issued on January 29, 2013, expecting to generate high-single digit revenue growth, a low 70s operating ratio, and earnings per share growth greater than 40 percent.