21.04.2015 14:51:07
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Canadian Pacific Railway Q1 Profit Climbs - Quick Facts
(RTTNews) - Canada's second-largest railroad operator Canadian Pacific Railway Ltd. (CP, CP.TO) said its first-quarter net income rose to C$320 million or C$1.92 per share, from C$254 million or C$1.44 per share, in the prior-year quarter. Excluding significant items, quarterly adjusted earnings improved 59% to $2.26 per share, from $1.42 per share, in the first quarter 2014.
On average, 25 analysts polled by Thomson Reuters expected the company to report earnings of C$2.18 per share for the quarter. Analysts' estimates typically exclude one-time items.
The Calgary, Canada-based company's total revenues for the quarter climbed to C$1.67 billion from C$1.51 billion last year, and surpassed analysts' revenue expectation of C$1.65 billion.
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