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BRIEF-CP Q1 Earnings Per Share C$3.09

Published 2019-04-23, 04:06 p/m
© Reuters.  BRIEF-CP Q1 Earnings Per Share C$3.09
CP
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April 23 (Reuters) - Canadian Pacific Railway Ltd CP.TO :

* CP REPORTS FIRST-QUARTER REVENUES OF $1.77 BILLION; STRONG MOMENTUM HEADING INTO SECOND QUARTER

* Q1 REVENUE ROSE 6 PERCENT TO C$1.77 BILLION

* Q1 ADJUSTED EARNINGS PER SHARE C$2.79

* Q1 EARNINGS PER SHARE C$3.09

* SEES FY 2018 ADJUSTED EARNINGS PER SHARE C$14.51

* CANADIAN PACIFIC RAILWAY- "THIS PAST WINTER WAS ONE OF MOST CHALLENGING IN MY RAILROADING CAREER," SAID CO'S CEO

* QTRLY OPERATING RATIO WAS 69.3 PERCENT, AN INCREASE OF 180 BASIS POINTS

* QTRLY TOTAL OPERATING EXPENSES C$1.22 BILLION VERSUS C$1.12 BILLION

* SEES MID-SINGLE DIGIT REVENUE TON MILE GROWTH AND DOUBLE-DIGIT ADJUSTED DILUTED EPS GROWTH IN 2019

* PLANS TO INVEST APPROXIMATELY $1.6 BILLION IN CAPITAL PROGRAMS IN 2019

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