CP Rail earnings rise on higher revenue, efficiency

Tue Apr 21, 2015 8:39am EDT
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TORONTO, April 21 (Reuters) - Canadian Pacific Railway Ltd reported higher first quarter earnings on Tuesday as revenues jumped and the company improved its operating efficiency.

Net income rose to C$320 million, or C$1.92 a share, from C$254 million, or C$1.44, a year earlier. Revenue rose 10 percent to C$1.67 billion.

(Reporting by Allison Martell)