CAE, Inc. (CAE) Tops Q3 EPS by 1c
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CAE reports third quarter results for fiscal year 2016
February 10, 2016 8:28 AM ESTMONTREAL, CANADA -- (Marketwired) -- 02/10/16 -- (NYSE: CAE)(TSX: CAE) - CAE today reported revenue of $616.3 million for the third quarter of fiscal year 2016, representing a 10% increase over the third quarter last year. Third quarter net income attributable to equity holders from continuing operations was $57.9 million ($0.21 per share) vs. $52.1 million ($0.20 per share) last year.
Third quarter net income before specific items(4) was $59.4 million ($0.22 per share), up 14% from the same period last year. Specific items this quarter include restructuring costs of $1.5 million (net after-tax) related to CAE's ongoing process... More
CAE announces intention to establish a normal course issuer bid program
February 10, 2016 8:28 AM ESTMONTREAL, CANADA -- (Marketwired) -- 02/10/16 -- (NYSE: CAE)(TSX: CAE) - CAE today announced that its Board of Directors approved its intention, subject to the approval of the Toronto Stock Exchange (TSX), to establish a normal course issuer bid (NCIB).
The NCIB is expected to commence shortly after regulatory approvals are obtained. The common shares that may be repurchased under the program over a period of approximately one year represent up to 2... More
