News Review: Canadian Pacific Railway Limited (NYSE: CP)

On Thursday, Shares of Canadian Pacific Railway Limited (NYSE: CP) declined -0.41% to $232.07. The stock traded total volume of 117.710K shares lower than the average volume of 436.69K shares.

Canadian Pacific Railway Ltd. (CP) stated first-quarter net income of $326.40M. On a per-share basis, the Calgary, Alberta-based company said it had net income of $2.32. Earnings, adjusted for non-recurring gains, came to $2.09 per share. The results did not meet Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $2.25 per share. The railroad posted revenue of $1.330B in the period, beating Street forecasts. Seven analysts surveyed by Zacks expected $1.320B.

CP has the market capitalization of $33.23B and its EPS growth ratio for the past five years was 12.40%. 75.41% of the stock was owned by institutional investors.

Richard McEntire

Finance and Entertainment Reporter Richard is a bottle of wine - the older the sweeter. He has already found the sweetest hobby in writing entertainment and finance news for Own Snap. Readers get the updated posts regularly from him searching for real-time news.