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CAE's defence business takes impairment charge, expects Q4 loss

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MONTREAL — CAE Inc. says it expects to report a loss attributable to equity holders of $504.7 million in its fourth quarter, due to one-time charges related to its defence business.

Based on its preliminary results, the flight simulator company says it expects to post a loss of $1.58 per share for the quarter ended March 31 compared with a profit of $93.6 million or 29 cents per share a year earlier.

Revenue for the quarter is expected to total $1.13 billion, according to the preliminary results, down from $1.20 billion a year earlier. CAE says it will provide more detail when it releases its full results on May 27 after financial markets close.

 

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CAE's defence business takes impairment charge, expects Q4 lossMONTREAL — CAE Inc. says it expects to report a loss attributable to equity holders of $504.7 million in its fourth quarter, due to one-time charges related ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »