Topic: How To Invest

The Successful Investor Hotline – Friday, April 26, 2019

Article Excerpt

CANADIAN PACIFIC RAILWAY LTD., $298.79, 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. The stock rose 3% this week after the company reported higher earnings in the first quarter of 2019 despite harsh winter weather and a fatal derailment in B.C. CP’s earnings in the three months ended March 31, 2019, rose 0.5%, to $392 million from $390 million a year earlier. Due to fewer shares outstanding, per-share earnings rose at a faster rate of 3.3%, to $2.79 from $2.70. Those figures exclude unusual items, among them a charge related to CP’s U.S.-dollar debt. On that basis, the latest earnings missed the consensus estimate of $3.01. In the quarter, revenue improved 6.3%, to $1.77 billion from $1.66 billion a year earlier. That also fell short of the consensus forecast of $1.78 billion. Most of the higher revenue came from shipping crude oil, grain, potash, and forest and automotive…

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