Canadian Pacific Railway Limited (CP: Quote, CP.TO) announced that it expects to report first-quarter of 2012 earnings per share in the range of C$0.80 to C$0.83. Analysts polled by Thomson Reuters expect the company to report earnings of C$0.65 per share for the quarter. Analysts' estimates typically exclude special items. The company said that the guidance exceeds its 2011 earnings per share by approximately 300 per cent.
The company noted that it delivered record operating performance metrics, with improvements over the prior year period and the average of the previous three years' first quarters, and the Company continues its strong operating performance into April 2012.
The company stated that it will release its first-quarter financial and operating results at 7:30 a.m. Eastern time on April 20, 2012.
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by RTT Staff Writer
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