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Canadian Pacific Railway Limited latest news:
UPDATE 2-CP Rail weighs strategic deals to boost crude-by-rail
Jan 18 (Reuters) - Canadian Pacific Railway Ltd said
on Thursday it is weighing strategic deals to boost
crude-by-rail shipments in 2018, after reporting fourth-quarter
profit that beat analysts' estimates.
BRIEF-Canadian Pacific Railway Reports Q4 Earnings Per Share of C$6.77
* CP REPORTS RECORD FOURTH-QUARTER AND RECORD FULL-YEAR
THE STRENGTH OF ITS OPERATING MODEL AND DISCIPLINED APPROACH IN
CP Rail's profit beats on higher shipments
Canadian Pacific Railway Ltd's(CP) fourth-quarter profit beat analysts' estimates on Thursday, helped by higher shipments. CP also said it expects revenue growth in the mid-single digits this year and adjusted earnings per share growth to be in the low double-digits.
CP Rail's profit more than doubles on income tax gain
Railroad operator Canadian Pacific Railway Ltd's (CP) quarterly profit more than doubled, helped by an income tax gain of C$527 million due to the new U.S. tax code. CP's net income rose to C$984 million, or C$6.77 per share, in the fourth quarter ended Dec. 31, from C$384 million, or C$2.61 per share, a year earlier. The Calgary-based company's total revenue rose to C$1.71 billion from C$1.64 billion.
BRIEF-CP To Purchase Common Shares Under Specific Share Repurchase Programs
Canadian Pacific Railway Ltd(CP): * CP TO PURCHASE ITS COMMON SHARES UNDER SPECIFIC SHARE REPURCHASE PROGRAMS AS PART OF ITS NORMAL COURSE ISSUER BID. * Canadian Pacific Railway Ltd(CP) - WILL REPURCHASE COMMON SHARES FROM TWO THIRD-PARTY SELLERS UNDER TWO SHARE REPURCHASE PROGRAMS.
Canadian Pacific eyeing signs of life in crude by rail shipments
Canadian Pacific Railway Ltd(CP) sees shipments of crude by rail "coming alive a little bit," Chief Marketing Officer John Brooks said on Tuesday, signaling a pickup in a business that had been hurt by low energy prices and competition from pipelines.
Canadian Pacific watching signs of life in crude by rail shipments
MONTREAL, Nov 14 (Reuters) - Canadian Pacific Railway Ltd
is watching shipments of crude by rail which are now
"coming alive a little bit," the company's chief marketing
officer told a Toronto transportation conference on Tuesday.
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