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Canadian Pacific Railway Q3 revenues highest ever for any quarter

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Staff Writer |
Canadian Pacific Railway
Canadian Pacific Railway   Revenues increased by 19 percent to a record $1.9 billion

Canadian Pacific Railway Limited announced third quarter revenues of $1.9 billion, its highest ever for any quarter, and reported diluted earnings per share (EPS) of $4.35, or $4.12 on an adjusted diluted EPS basis, the highest in the company's history.

The company also achieved a record-low quarterly operating ratio of 58.3 percent.

Revenues increased by 19 percent to a record $1.9 billion, from $1.6 billion in Q3 2017, as CP saw revenue growth across all major segments of its book of business.

Reported diluted EPS was $4.35, up 24 percent from $3.50, and adjusted diluted EPS was a record $4.12, a 42 percent increase from $2.90.

Operating ratio was a record-low 58.3 percent, a 270 basis point improvement from 61.0 percent.

Operating income was $790 million, a 27 percent increase from $622 million.

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