ST-LAURENT, Quebec (AP) — ST-LAURENT, Quebec (AP) — CAE Inc. (CAE) on Tuesday reported fiscal first-quarter profit of $35.3 million.
On a per-share basis, the St-Laurent, Quebec-based company said it had profit of 11 cents. Earnings, adjusted for restructuring costs, came to 15 cents per share.
The results met Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was also for earnings of 15 cents per share.
The civil and military flight simulator company posted revenue of $783.9 million in the period, topping Street forecasts. Ten analysts surveyed by Zacks expected $766.7 million.
CAE shares have declined 22% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $16.77, a decrease of 29% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CAE at https://www.zacks.com/ap/CAE
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