Good quarter for CPR

Article Excerpt

CANADIAN PACIFIC RAILWAY LTD. $66.32 (Toronto symbol CP; Shares outstanding: 169.1 million; Market cap: $11.2 billion; SI Rating: Average; Dividend yield: 1.6%; www.cpr.ca) reported 27.4% higher earnings per share in the three months ended September 30, 2010, to $1.21 from $0.95. CP’s revenue rose 15.0%, to $1.3 billion from $1.1 billion a year earlier. The company’s operating ratio improved to 73.7% from 76.4% a year earlier. (Operating ratio is calculated by dividing a company’s regular operating costs by its revenue. The lower the ratio, the better.) That’s because the company is improving its productivity by increasing the length and speed of its trains. CP Rail is still a safety-conscious buy. buy…