11:07 AM EST - Canadian Pacific Railway Limited : said its fourth-quarter net income increased to $194.1 million from $188.1 million last year. However, earnings per share for the quarter declined to $1.15 from $1.21 a year ago. Excluding these items, adjusted earnings per share were $0.94, down 12% from $1.07 in fourth-quarter 2008. Revenues for the fourth quarter of 2009 decreased 16% to $1.12 billion from restated $1.30 billion in the year earlier quarter. CP plans to spend in the range of $680 million - $730 million on capital programs in 2010. Canadian Pacific Railway Limited
shares T.CP are trading up $0.18 at $54.59.
