CP Rail earnings rise but volumes slip

Tue Jul 21, 2015 8:40am EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

TORONTO, July 21 (Reuters) - Canadian Pacific Railway Ltd reported higher earnings on Tuesday even as revenue edged down on lower grain and crude oil shipments.

Net income at Canada's No. 2 railway rose to C$390 million ($300 million), or C$2.36 a share, from C$371 million, or C$2.11, a year earlier. Revenue slipped to C$1.65 billion from C$1.68 billion.

($1 = $1.30 Canadian) (Reporting by Allison Martell)