Canadian Pacific (TSE:CP) expects Q2 revenue to fall 12%

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But CP forecasts adjusted earnings of about C$2.00 per share

Canadian Pacific Railway Ltd. (TSE:CP) said on Tuesday it expected second-quarter revenue to fall about 12 percent from a year earlier, hurt by weak commodity volumes, the Fort McMurray wildfire in northern Alberta and a stronger Canadian dollar.

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The company said it expected adjusted earnings of about C$2.00 per share. Canadian Pacific reported adjusted earnings of C$2.45 per share in the second quarter of 2015.

Read the full article at: ca.finance.yahoo.com

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