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Canadian Pacific

Canadian Pacific Announces Second Quarter Results

CALGARY — Canadian Pacific Railway announced second-quarter net income of $166.6 million. Diluted earnings per share were $0.98, up 23 per cent from $0.80 in the second-quarter 2009 which included a $0.41 per share gain from an asset sale. “We leveraged volume growth in the quarter to deliver a solid financial performance through a keen focus on cost management,” said Fred Green, President and CEO. “Our emphasis on safety, productivity and asset velocity is improving service reliability for our customers.” — Adjusted diluted earnings per share increased 96 percent to $0.92 — Total revenues were up 20 per cent to