Wednesday, April 16th8.6°C
21427
20654

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

21522


Recent Trending




Today's Market
S&P TSX14421.32+117.40
S&P CDNX993.291.19
DJIA16408.18145.62
Nasdaq4073.306+39.145
S&P 5001858.67+15.69
CDN Dollar0.9080-0.0028
Gold1301.20+1.20
Oil103.67-0.08
Lumber327.80+3.60
Natural Gas4.533-0.034

 
Okanagan Companies
Pacific Safety0.105-0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.25-0.02
Cantex0.045-0.005
Anavex Life Sciences0.36-0.02
Metalex Ventures0.08+0.005
Russel Metals30.58+0.31
Copper Mountain Mining2.41+0.09
Colorado Resources0.2650.00
ReliaBrand Inc0.12-0.01
Sunrise Resources Ltd0.025-0.005
Mission Ready Services0.23-0.02

 
19691


17772

FEATURED Property
1907200837 Mount Royal Drive Kelowna, BC
5 bedrooms 4 baths
$1,295,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Valuation fears grip markets

The Big Picture Valuation fears grip markets Growing concerns about the level of stock market valuations sparked a risk-off trade in global markets this week. Investors are worried that many companies...


Quick and nimble

Photo: ContributedFor many businesses this has been a tremendously difficult time since the 2008 crisis. Business fell off. Sales techniques that always worked, well… stopped working. Customers...


Keeping a clear focus on the future

Many times when we are gripped by fear it can be one of two mental challenges that we can learn to overcome. Photo: ContributedThe Fear is completely imaginary. In this situation there may be no fact...

_



21641

21641


Member of BC Press Council


21202