Canadian Manufacturing

Bombardier reports US$55M Q4 profit compared with a loss a year ago

The transportation company reports it is on a clear path to achieve 2020 objectives

February 14, 2019  The Canadian Press

PHOTO: Bombardier

MONTREAL – Bombardier Inc. says it earned a fourth-quarter profit of US$55 million compared with a loss a year ago.

The plane and train maker, which keeps its books in U.S. dollars, says the profit amounted to two cents per diluted share for the quarter ended Dec. 31.

That compared to a loss of $188 million or nine cents per share a year earlier.

Revenue totalled $4.30 billion for the last three months of 2018, down from $4.61 billion in the final quarter of 2017.

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On an adjusted basis, Bombardier says it earned five cents per share for the quarter compared to an adjusted loss of two cents per share a year ago.

Analysts on average had expected a profit of two cents per share for the quarter, according to Thomson Reuters Eikon.