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Canadian Pacific Q4 revenues down 3 percent

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Canadian Pacific Railway
Canadian Pacific Railway   C$1.64 billion

​​​​​​​Canadian Pacific Railway (CP) announced its lowest-ever fourth-quarter operating ratio (OR) of 56.2 percent and a record-low full-year OR of 58.6 percent as focussed cost control helped offset softer than expected volumes.

Fourth-quarter revenues decreased 3 percent to C$1.64 billion from $1.69 billion, while diluted earnings per share (EPS) increased 25 percent to $2.61 from $2.08 and adjusted diluted EPS rose 12 percent to $3.04 from $2.72.

Full-year 2016 results

Revenues decreased 7 percent to $6.23 billion from $6.71 billion. OR fell to a record 58.6 percent, improving on the 2015 reported OR by 140 basis-points and the adjusted OR by 240 basis-points.

Reported diluted EPS increased 27 percent to $10.63 from $8.40- Adjusted diluted EPS rose 2 percent to $10.29 from $10.10. Free cash flow of $1 billion.

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