Canadian Pacific Railway : 3Q Adjusted. EPS Misses Analysts Expectations

By Michael Dabaie

Canadian Pacific Railway Ltd. reported third-quarter adjusted earnings that missed analysts expectations.

The company reported a third-quarter profit of C$598 million, or C$4.41 per share, down from C$618 million, or C$4.46, a year earlier.

Adjusted profit came to C$4.12, missing the FactSet consensus for C$4.23.

Revenue for the quarter was C$1.86 billion, down from the year-earlier C$2 billion and in-line with the FactSet consensus.

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(END) Dow Jones Newswires

10-20-20 0942ET