Bombardier slashes full-year revenue forecast by $1-billion, warns on lower profit

Canada’s Bombardier Inc on Thursday cut its full-year profit and revenue forecast, due to slower production ramp-up of some of its large projects in its transportation business.

The plane and train maker cut its 2019 revenue estimates by US$1-billion to US$17-billion, while adjusted core earnings is expected to be in the range of US$1.50-billion to US$1.65-billion, compared with its prior expectation of US$1.65-billion to US$1.8-billion.Due to technical reasons, we have temporarily removed commenting from our articles. We hope to have this fixed soon. Thank you for your patience.

globebusiness Oh oh the mighty liberal Quebec flop didn’t make as much money as expected ( it never does) Must be worth at least a billion dollars in federal grants from Truedope

globebusiness Well timed. Maybe we’ll see a taxpayer funded top-up just before the election.

globebusiness Uh-oh, you know what this means.

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Boeing's troubled jet is costing $1 billion to fix so farBoeing is already estimating a $1 billion increase in costs related to its troubled 737 Max and has pulled its forecast of 2019 earnings because of uncertainty surrounding the jetliner, which remains grounded after two crashes that killed 346 people. so has the liberal government written them a cheque yet ? And only 400 lives but who’s counting Trudumb to the rescue before he's kicked out on his A$$ this fall.
Source: CTVNews - 🏆 1. / 99 Read more »