CAE: Fiscal Q2 Earnings Snapshot
By AP News
Published - Nov 12, 2024, 04:26 PM ET
Last Updated - Dec 16, 2024, 05:28 PM EST
ST-LAURENT, Quebec (AP) — ST-LAURENT, Quebec (AP) — CAE Inc. (CAE) on Tuesday reported fiscal second-quarter earnings of $38.5 million.
The St-Laurent, Quebec-based company said it had profit of 12 cents per share. Earnings, adjusted for restructuring costs, were 18 cents per share.
The results exceeded Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 13 cents per share.
The civil and military flight simulator company posted revenue of $833.2 million in the period, also exceeding Street forecasts. Ten analysts surveyed by Zacks expected $787.2 million.
