Canadian Pacific Railway Earnings Call, Second Quarter 2008
Author: Albena Toncheva
123jump.com
Last Update: 12:47 AM ET August 13 2008
Second-quarter earnings declined almost 40% from a year ago hit by the surging fuel prices, a worsening economic situation and flooding. Revenue remained flat at $1.22 billion Canadian ($1.21 billion). The railroad company slashed its full-year profit guidance to a range of $4 to $4.20 per share Canadian, down from $4.40 to $4.60 outlook issued earlier. Despite the traffic drop, price increases boosted freight revenue by 2%.
Sources: Data collected by 123jump.com and Ticker.com from company press releases, filings and corporate websites.
Market data: BATS Exchange. Inc.
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