Canadian Pacific Railway Q1 Profit Rises; Total Revenues Up 1% - Quick Facts

(RTTNews) - Canadian Pacific Railway Limited (CP.TO, CP) reported that its first-quarter net income increased to C$254 million from C$217 million, previous year. Earnings per share was C$1.44, compared to C$1.24.

On average, 17 analysts polled by Thomson Reuters expected the company to report profit per share of C$1.41 for the quarter. Analysts' estimates typically exclude special items.

Total revenues increased to C$1.51 billion from C$1.49 billion. Analysts expected revenue of C$1.51 billion for the quarter.

Hunter Harrison, CEO of Canadian Pacific Railway, said: "Despite a slow start to the year and the reduced capacity which limited our ability to meet strong customer demand, we still have the utmost confidence in our ability to achieve our financial targets for 2014."