Thursday, March 5th-4.5°C
25405
23715

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

24357


Recent Trending




Today's Market
S&P TSX15082.84-51.01
S&P CDNX698.09-4.21
DJIA18096.90-106.47
Nasdaq4967.142-12.76
S&P 5002098.53-9.25
CDN Dollar0.8039-0.0009
Gold1202.50+1.90
Oil53.38+0.15
Lumber287.30-3.40
Natural Gas2.784+0.015

 
Okanagan Companies
Pacific Safety0.13-0.005
Knighthawk0.010.00
QHR Technologies Inc1.55-0.05
Cantex0.035-0.005
Anavex Life Sciences0.18+0.005
Metalex Ventures0.04-0.005
Russel Metals24.95-0.26
Copper Mountain Mining1.24-0.01
Colorado Resources0.13-0.005
ReliaBrand Inc0.0065-0.0015
Sunrise Resources Ltd0.045-0.005
Mission Ready Services0.225+0.01

 





FEATURED Property
19260003179 Via Centrale
1 bedrooms 1 baths
$242,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Refinance your mortgage?

Canadian Mortgage rates are low and could be dropping down in time for the spring market following a drop in the Bank of Canada Rate on January 21 by 1/4% which will save new buyers and those with mo...


Creating your retirement vision

A vision means different things to different people. To the head of a large corporation, it’s the ability to chart a course that will deliver success (think Steve Jobs and Apple), to a shaman, i...


It's OK to say 'I'm sorry'

Photo: ContributedStand-up comedians and sitcoms have been making fun of Canadians for being polite as long as I can remember. Being known for our niceness is certainly not a bad thing and I wish more...

_








Member of BC Press Council


25107