(The following appeared on the Financial Post website on March 22, 2011.)
OTTAWA — Canadian Pacific Railway Ltd.’s warning this week that its first quarter profit would likely come in dramatically below expectations led to a series of earning estimate revisions Tuesday.
The country’s No. 2 railway said late Monday it expected earnings for the quarter in the range of 12¢ to 22¢ a share, dramatically lower than the 74¢ a share expected from the Street.
It blamed harsh winter weather and higher fuel prices for the lower guidance.
The full story is on the Financial Post website.