Canadian Pacific's (CP +0.6%) four recent accidents and derailments are expected to pose a $25M...

|About: Canadian Pacific Railway Li... (CP)|By:, SA News Editor

Canadian Pacific's (CP +0.6%) four recent accidents and derailments are expected to pose a $25M drag on Q2 earnings, or $0.07/share, J.P. Morgan says, but the firm doesn't think the mishaps point to any broader issue surrounding CP's restructuring. While some of the quarter's potential upside is removed, the firm still believes results will begin to reflect positive changes underway.