Bombardier Inc. reports smaller Q4 loss, income adult from year ago

Bombardier Inc. reported a fourth-quarter detriment of $109 million US compared with a detriment of $259 million US in a same entertain a year earlier.

The Montreal-based aerospace and railway manufacturer, that keeps a books in U.S. dollars, says a detriment amounted to 5 cents per share for a 3 months finished Dec. 31 compared with a detriment of 12 cents per share in a before quarter.

• U.S. trade group deserted Bombardier duties as CSeries sales did not harm Boeing

• Bombardier win could speed adult C Series sales and opposition partnership talks: analysts

Revenue totalled $4.72 billion, adult from $4.38 billion.

On an practiced basis, Bombardier says it warranted $51 million or dual cents per share for a entertain compared with an practiced detriment of $141 million or 7 cent per share a year earlier.

Analysts on normal had approaching a break-even entertain for a association and income of $4.75 billion, according to Thomson Reuters.

• Bombardier adds second prolongation line in Kingston to accommodate streetcar smoothness deadline

The association also announced that a interest in Bombardier Transportation will boost by 2.5 commission points to 72.5 per cent since a division’s formula outpaced a opening targets in a investment agreement with Quebec grant account manager Caisse de depot.

Article source: http://www.cbc.ca/news/business/bombardier-fourth-quarter-1.4536515?cmp=rss