By William C. Vantuono, Editor-in-Chief, Railway Age Magazine; October 4, 2018
During its 2018 Investor Day, Canadian Pacific Railway on Oct. 4 reported preliminary third-quarter results, updated its 2018 guidance and unveiled the next phase of its long-term strategy, which it said is “focused on driving sustainable, profitable growth.”
CP estimates that its third-quarter revenues will grow by 19% to an all-time record high of approximately C$1.9 billion. The operating ratio is expected to be below 58.5%. Reported diluted earnings per share (EPS) are expected to be approximately C$4.35, and adjusted diluted EPS is expected to be approximately $4.10, the highest in CP’s history.
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