CAE Inc. reports Q1 profit down from year ago
Montreal flight sim maker increases dividend despite missing analysts' performance expectations.0
The increased payment came as CAE reported a profit attributable to shareholders of $61.5 million or 23 cents per share. That compared with a profit of $69.4 million or 26 cents per share in the same quarter last year.
Revenue totalled $825.6 million, up from $722.0 million. Excluding specific items, CAE says it earned 24 cents per share in its most recent quarter, down from 26 cents per share a year ago. Analysts on average had expected a profit of 28 cents per share for the quarter, according to the financial markets data firm Refinitiv.