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.

Ameena Dalia

Finance and Entertainment Reporter