Canadian Pacific Railway Limited (CP, CP.TO) reported that its first-quarter of 2013 net income increased to C$217 million, or C$1.24 per share, from C$142 million, or C$0.82 per share, in the first quarter of 2012. Analysts polled by Thomson Reuters expected the company to report earnings of C$1.21 per share for the quarter. Analysts' estimates typically exclude special items.
Operating expenses were C$1.133 billion, an increase of 3 per cent from the prior year quarter.
Total revenues for the quarter were C$1.49 billion, higher than C$1.38 billion in the prior year quarter. Fifteen analysts had consensus revenue estimate of C$1.49 billion for the quarter.
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