CAE: Fiscal Q4 Earnings Snapshot
By Ap News
Published - May 28, 2024, 05:09 AM ET
Last Updated - May 28, 2024, 05:09 AM EDT
ST-LAURENT, Quebec (AP) — ST-LAURENT, Quebec (AP) — CAE Inc. (CAE) on Monday reported a fiscal fourth-quarter loss of $359.2 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the St-Laurent, Quebec-based company said it had a loss of $1.13. Earnings, adjusted for one-time gains and costs, came to 9 cents per share.
The results fell short of Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 25 cents per share.
The civil and military flight simulator company posted revenue of $835.5 million in the period, which also did not meet Street forecasts. Three analysts surveyed by Zacks expected $863.2 million.
