Canadian Pacific expects 12 pct drop in Q2 revenue

Tue Jun 21, 2016 8:15am EDT
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June 21 (Reuters) - Canadian Pacific Railway Ltd said on Tuesday it expected second-quarter revenue to fall about 12 percent from a year earlier, hurt by weak commodity volumes, the Fort McMurray wildfire in northern Alberta and a stronger Canadian dollar.

The company said it expected adjusted earnings per share of about C$2.00. Canadian Pacific reported adjusted earnings of C$2.45 per share in the second quarter of 2015. (Reporting by Amrutha Gayathri in Bengaluru; Editing by Ted Kerr)