CAE, Inc. (CAE) Tops Q3 EPS by 6c, Beats on Revenues

February 9, 2018 8:38 AM

CAE, Inc. (NYSE: CAE) reported Q3 EPS of $0.28, $0.06 better than the analyst estimate of $0.22. Revenue for the quarter came in at $704.4 million versus the consensus estimate of $578.27 million.

"CAE remains on track to deliver on our growth outlook and we are well positioned to benefit from the secular tailwinds driving our markets," said Marc Parent, CAE's President and Chief Executive Officer. "We had year-over-year growth in all segments this quarter, as well as strong order intake and free cash flow. In Civil, market activity was especially strong as we received a quarterly-record, $1 billion in new orders for our comprehensive training solutions. And in Defence, growth momentum increased in the quarter and we continued to win important training systems and services contracts, adding to a large year-to-date order book."

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