BUZZ-Canadian Pacific Railway Ltd: Sees 12 pct drop in Q2 revenue

Tue Jun 21, 2016 9:16am EDT
 
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** U.S.-listed shares of Canada's No. 2 railroad down 3.5 pct premarket at $122.90

** Expects Q2 revenue to fall about 12 pct, hurt by weak commodity volumes, the Fort McMurray wildfire in northern Alberta and a stronger Canadian dollar

** Sees Q2 adjusted EPS of about C$2.00 vs the C$2.45 it reported for Q2 2015

** Sees Q2 operating ratio of about 62 pct vs 60.9 pct

** Says achieving double-digit EPS growth in 2016 is a possibility

** Up to Monday's close, company U.S.-listed shares had fallen about 24 pct over the last 12 months (Reporting by Vishaka George in Bengaluru)