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Canadian Pacific posts record revenue, operating ratio in Q3

from Progressive Railroading

Canadian Pacific announced it achieved record third-quarter revenue of CA$1.98 billion and a record-low quarterly operating ratio (OR) of 56.1 percent. Year over year, revenue was up 4 percent. The Class 1 reported Q3 adjusted net income climbed 8.7 percent to CA$640 million, or CA$4.61 earnings per share (EPS), from CA$589 million, or $4.12 per share, a year ago. CP's diluted EPS of CA$4.46 was up 3 percent. more


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