CALGARY, Alberta (AP) _ Canadian Pacific Railway Ltd. (CP) on Wednesday reported second-quarter profit of $1.01 billion.

The Calgary, Alberta-based company said it had profit of $1.51 per share. Earnings, adjusted for non-recurring gains, were 84 cents per share.

The results did not meet Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 86 cents per share.

The railroad posted revenue of $1.67 billion in the period, which also did not meet Street forecasts. Five analysts surveyed by Zacks expected $1.69 billion.

Canadian Pacific shares have increased almost 4% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $71.97, a climb of 31% in the last 12 months.

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

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