Topic: How To Invest

The Successful Investor Hotline – Friday, January 25, 2019

Article Excerpt

CANADIAN PACIFIC RAILWAY LTD., $271.50, Toronto symbol CP, ships freight over a 22,000-kilometre rail network between Montreal and Vancouver, with links to hubs in the U.S. Midwest and Northeast. CP’s earnings in the three months ended December 31, 2018, jumped 38.2%, to $648 million from $469 million a year earlier. With fewer shares outstanding, per-share earnings rose at a faster rate of 41.3%, to a quarterly record of $4.55 from $3.22. Those figures exclude unusual items, among them a charge related to CP’s U.S.-dollar debt. On that basis, the latest earnings beat the consensus estimate of $4.32. In the quarter, revenue rose 17.1%, to a record $2.01 billion from $1.71 billion a year earlier. That also exceeded the consensus forecast of $1.99 billion. Most of the higher revenue came from shipping crude oil, potash, forest products, fertilizers, grain, and automotive products. The company continues to boost its efficiency with new locomotives and train tracks, and software to optimize its trainloads and speeds. As a..

You are trying to access subscriber-only content.

To read this article, you may subscribe or sign in.
If you are already a subscriber, log in here.

If you wish to become a subscriber, click here. Or you may enjoy access to all our publications when you become a Member of Pat McKeough's Inner Circle Pro.