CP Reports Preliminary Q3 Results; Raises Full-year Guidance - Quick Facts

(RTTNews) - Canadian Pacific Railway Limited (CP.TO, CP) announced, for the third-quarter, revenues are estimated to grow by 19 percent to an all-time record high of approximately $1.9 billion; reported diluted earnings per share is expected to be approximately $4.35 and adjusted diluted EPS is expected to be approximately $4.10, the highest in the company's history.

Due to a record-setting third quarter and a strong outlook for the remainder of the year, the company increased its 2018 full-year guidance. The company now expects adjusted diluted EPS to grow in excess of 20 percent, increased from earlier guidance of low-double digit growth.

For 2018-2020, the company targets: volume compound annual growth rate (CAGR) of mid-single digits, measured in Revenue Ton-Miles (RTMs); double-digit CAGR in adjusted diluted EPS; and capital expenditures of approximately $1.6 billion per year.