CP Rail earnings hammered by restructuring charges
(Source: National Post, January 29, 2013)
OTTAWA — Canadian Pacific Railway Ltd. reported a dramatic drop in its fourth quarter earnings Tuesday with several one-time charges related to its ongoing restructuring dragging it down. CP reported net income $15-million, or 8 cents a share, for the fourth quarter, down dramatically from the $221-million, or $1.30 a share, it earned for the same period last year. However, stripping several one-time items related to its restructuring, the company earned $1.28 a share in line with analysts’ expectations.
Full story: National Post
Tuesday, January 29, 2013