Canadian Pacific Railway Limited CP serves the principal business centers of Canada from Montreal to Vancouver, as well as the U.S. Northeast and Midwest regions. The company has extended its network reach by establishing alliances and agreements with other Class I railways in North America, which allows it to provide services and access markets across North America beyond its own rail network. Freight transport forms the main source of revenue for the company.Canadian Pacific Railway is set to gain from strong the Industrial and Automotive segments. However, soft coal demand coupled with declining oil prices may impact profitability.Currently, Canadian Pacific Railway has a Zacks Rank #1 (Strong Buy). We have highlighted some of the key stats from this just-revealed announcement below:Earnings: Canadian Pacific Railway’s first quarter earnings (on an adjusted basis) of C$2.50 per share (approximately $1.82 per share) fell short of the Zacks Consensus Estimate by a penny.Revenue: Canadian Pacific Railway reported revenues of $1,160 million also missed the Zacks Consensus Estimate of $1,242 million.Key Stats: Canadian Pacific Railway reported operating ratio of 58.9% in the reported quarter, reflecting an improvement of 430 basis points. The company also increased its dividend payout by 43% to C$0.50 per share. The company’s board of directors cleared a plan to buyback up to 6.91 million shares Check back later for our full write up on this Canadian Pacific Railway earnings report later!Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report>>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CDN PAC RLWY (CP): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research