CAE: Fiscal 2Q Earnings Snapshot
MONTREAL (AP) _ CAE Inc. (CAE) on Wednesday reported fiscal second-quarter profit of $55.9 million.
The Montreal-based company said it had profit of 21 cents per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 19 cents per share.
The civil and military flight simulator company posted revenue of $679.3 million in the period.
CAE shares have climbed 47% since the beginning of the year. The stock has climbed 47% in the last 12 months.