CALGARY, Alberta (AP) _ Canadian Pacific Railway Ltd. (CP) on Wednesday reported fourth-quarter profit of $615.4 million.

On a per-share basis, the Calgary, Alberta-based company said it had profit of $4.56. Earnings, adjusted for non-recurring gains, came to $3.88 per share.

The results matched Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was also for earnings of $3.88 per share.

The railroad posted revenue of $1.54 billion in the period, which fell short of Street forecasts. Six analysts surveyed by Zacks expected $1.63 billion.

For the year, the company reported profit of $1.82 billion, or $13.41 per share. Revenue was reported as $5.76 billion.

Canadian Pacific shares have decreased nearly 5% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $330.29, a rise of 28% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CP at https://www.zacks.com/ap/CP

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