Canadian Pacific: 4Q Earnings Snapshot

CALGARY, Alberta (AP) _ Canadian Pacific Railway Ltd. (CP) on Wednesday reported fourth-quarter earnings of $412.4 million.

On a per-share basis, the Calgary, Alberta-based company said it had net income of $2.90. Earnings, adjusted for non-recurring costs, came to $3.45 per share.

The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $3.18 per share.

The railroad posted revenue of $1.52 billion in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $1.45 billion.

For the year, the company reported profit of $1.51 billion, or $10.51 per share. Revenue was reported as $5.64 billion.

Canadian Pacific shares have climbed 10 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $195.69, a climb of 6 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CP at https://www.zacks.com/ap/CP