Canadian Pacific Railway Q2 Profit Rises - Quick Facts

(RTTNews) - Canada's second-largest railroad operator Canadian Pacific Railway Ltd. (CP, CP.TO) said its second-quarter net income rose to C$390 million or C$2.36 per share, from C$371 million or C$2.11 per share, in the prior-year quarter.

Excluding significant items, quarterly adjusted earnings improved 16% to $2.45 per share, from $2.11 per share in the year-ago period. On average, 26 analysts polled by Thomson Reuters expected the company to report earnings of C$2.46 per share for the quarter. Analysts' estimates typically exclude one-time items.

The Calgary, Canada-based company's total revenues for the latest second quarter declined to C$1.65 billion from C$1.68 billion in the comparable quarter last year, while 19 analysts expected revenues of C$1.68 billion.

For 2015, the company expects adjusted earnings of C$10.00 to C$10.40 per share and annual revenue growth to be 2-3 percent. Analysts expect annual earnings of $10.47 per share on revenue of $6.94 billion.