Monday, August 3rd32.0°C
26622
26494

Canadian Pacific reports higher Q4 profit but falls short of analyst estimates

CALGARY - Canadian Pacific Railway (TSX:CP) reports its 2013 fourth-quarter profits and revenue were up significantly from a year earlier.

The Calgary-based company reports it had $82 million of net income, or 47 cents per share in the three months ended Dec. 31.

That was up from $15 million or eight cents per share in the fourth quarter of 2012, when the company had a number of unusual items.

Excluding certain items, Canadian Pacific's adjusted earnings were $338 million or $1.91 per share — a 49 per cent increase from last year.

CP earned $1.28 per share or $224 million in adjusted earnings in the fourth quarter of 2012.

Canadian Pacific also reports its fourth quarter revenue hit a record $1.607 billion, up seven per cent, but that also fell short of estimates.

Its adjusted operating ratio, which measures how much of the revenue is used to run the company, improved to a CP record of 69.9 per cent.

On average, the analysts looked for $1.67 per share of net income or $1.93 per share in adjusted earnings and $1.62 billion of revenue, according to estimates compiled by Thomson Reuters.

The Canadian Press


Read more Business News




Recent Trending




Today's Market
S&P TSX14468.44+85.68
S&P CDNX594.31+6.01
DJIA17598.20-91.66
Nasdaq5115.38-12.90
S&P 5002098.04-5.80
CDN Dollar0.7601+0.0001
Gold1096.90+0.60
Oil45.77+0.21
Lumber259.40+7.30
Natural Gas2.883+0.062

 
Okanagan Companies
Pacific Safety0.17-0.01
Knighthawk0.010.00
QHR Technologies Inc1.42+0.00
Cantex0.035-0.005
Anavex Life Sciences1.13+0.22
Metalex Ventures0.05+0.00
Russel Metals19.40-0.05
Copper Mountain Mining0.79+0.01
Colorado Resources0.065+0.005
ReliaBrand Inc0.0049+0.0004
Sunrise Resources Ltd0.03+0.00
Mission Ready Services0.095-0.045
Decisive Dividend Corp2.55+0.05

 





FEATURED Property
20091861649 Cary Road
$2,290,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Mortgage policy changes?

There are rumours circulating again that the federal government may move to tighten mortgage insurance criteria. This is prompted by a recent article in the Financial Post. The housing market while b...


Chasing ducks

Photo: Thinkstock.comWhen businessmen tell me that being low priced is the only way to stay in business, I am skeptical. Price is the simplest way for a consumer to compare and is overused as the basi...


Taking care of business

Photo: Thinkstock.comRetirement as a goal has changed a lot over the years. There was a time, it was the only goal. You’d punch the clock and count the years until you could stop punching that t...

_








Member of BC Press Council


26780