Canadian Pacific Railway Q3 Profit Climbs - Quick Facts

(RTTNews) - Canada's second-largest railroad operator Canadian Pacific Railway Ltd. (CP, CP.TO) said its third-quarter net income increased to C$400 million, or C$2.31 per share, from C$324 million, or C$1.84 per share, a year before. On average, 17 analysts polled by Thomson Reuters expected the company to report earnings of C$2.37 per share for the quarter. Analysts' estimates typically exclude special items.

For the quarter, total revenues grew by 9% to C$1.67 billion from C$1.53 billion in the same quarter last year. Wall Street expected revenues of C$1.69 billion.

The company said, "Despite recent volatility in commodity prices, we are confident in the strength of the franchise and are on track to finish the year with CP's strongest quarter to date."