CP demonstrates resiliency of the PSR operating model, reports record-low Q2 operating ratio
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Canadian Pacific Railway (CP) Reports Q2 EPS of Cdn$4.66
July 22, 2020 9:09 AM EDTCanadian Pacific Railway (NYSE: CP) reported Q2 EPS of Cdn$4.66, versus Cdn$5.17 reported last year. Revenue for the quarter came in at Cdn$1.79 billion versus the consensus estimate of Cdn$1.98 billion.
Second-quarter highlights
Revenues decreased by 9 percent to $1.79 billion from $1.98 billion last yearReported diluted EPS of $4.66, a 10 percent decrease from $5.17 last year, and adjusted diluted EPS of $4.07, a 5 percent decrease from $4.30 last yearOperating ratio was a second-quarter record 57.0 percent, a 140 basis point improvement over last year's second-quarter operating... More