Canadian Pacific Railway Q4 Net Profit Spikes - Quick Facts

(RTTNews) - Canada's second-largest railroad operator Canadian Pacific Railway Ltd. (CP, CP.TO) said its fourth-quarter net income jumped sharply to C$451 million or C$2.63 per share, from C$82 million or C$0.47 per share, in the prior-year quarter.

Excluding significant items, quarterly adjusted earnings climbed to $460 million, or $2.68 per share, from $338 million, or $1.91 per share, in the fourth quarter 2013. On average, 19 analysts polled by Thomson Reuters expected the company to report earnings of C$2.57 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$1.76 billion from C$1.61 billion last year, and surpassed analysts' revenue expectation of C$1.73 billion.

Looking ahead to 2015, the firm anticipates operating ratio below 62 percent; revenue growth of 7-8 percent and adjusted EPS increase of over 25 percent, versus 2014 adjusted EPS of $8.50.