News Column

SYMBOL:TSX:CP

January 29, 2014

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. ( The Canadian Press )


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Source: Canadian Press Broadcast Wire (Canada)


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