10:18 AM EST - Canadian Pacific Railway Ltd. : said on Tuesday its quarterly profit slumped nearly 40 percent amid spiraling fuel costs and a sluggish U.S. economy which curbed shipments, compelling the company to cut its full-year earnings forecast. The carrier earned $154.9 million, or $1.00 a share, during the second quarter through June 30. That compares with a profit of $256.7 million, or $1.64 a share, a year earlier. Analysts, on average, had expected earnings of 99 cents a share, on revenue of $1.25 billion, according to Reuters Estimates. Canadian Pacific Railway Ltd.
shares T.CP are trading off $3.40 at $63.23.
