Company News

BUZZ-Canadian Pacific Railway: Up after reporting Q4 results that beat estimates

** Shares of Canadian railroad operator up nearly 2 pct, a day after reporting Q4 results

** CP, country’s 2nd-largest railway, posted adj. profit of C$3.22, beating estimates by 2 Canadian cents, helped by higher freight margins and lower operating ratio

** CP’s profit beat estimates for all four quarters in 2017 - TR data

** Co also forecast 2018 diluted EPS growth to be in low double-digits

** However, analysts at Stephens Inc suggest growth in mid-teens range to be “realistic,” given improving economic conditions, rise in crude prices among other reasons

** CP up 18 pct on TSX and 25.5 pct on NYSE in the last 12 months (Reporting by Ahmed Farhatha in Bengaluru)