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Canadian Pacific posts record revenue in Q4

from Progressive Railroading

Canadian Pacific today reported record revenue of CA$2.07 billion in fourth-quarter 2019, up 3 percent from CA$2.01 billion in the same period a year earlier. The Class I's Q4 diluted earnings per share (EPS) climbed 26 percent to $4.82 from $3.83 a year earlier. The adjusted EPS rose 5 percent to $4.77 from $4.55. CP posted a Q4 operating ratio (OR) of 57 percent, up 50 basis points compared with the previous year's mark. more


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