Get 40% Off
🚀 AI-picked stocks soar in May. PRFT is +55%—in just 16 days! Don’t miss June’s top picks.Unlock full list

BRIEF-CAE Reports Fourth Quarter And Full Fiscal Year 2020 Results

Published 2020-05-22, 08:47 a/m
CAE
-

May 22 (Reuters) - CAE Inc CAE.TO :

* CAE REPORTS FOURTH QUARTER AND FULL FISCAL YEAR 2020 RESULTS

* Q4 EARNINGS PER SHARE C$0.29

* Q4 REVENUE C$977.3 MILLION VERSUS REFINITIV IBES ESTIMATE OF C$1.04 BILLION

* Q4 EARNINGS PER SHARE ESTIMATE C$0.41 -- REFINITIV IBES DATA

* Q4 EARNINGS PER SHARE C$0.46 EXCLUDING ITEMS

* REDUCTION OF CAPITAL EXPENDITURES AND RESEARCH AND DEVELOPMENT INVESTMENTS IN FISCAL 2021

* FOR FISCAL YEAR AHEAD, EXPECT MATERIAL DECREASE IN OPERATIONAL AND FINANCIAL PERFORMANCE

* CAE - IN SHORT-TERM, COMPANY EXPECTS PANDEMIC TO HAVE A SIGNIFICANTLY NEGATIVE IMPACT ON PERFORMANCE

* ONE-THIRD OF GLOBAL CIVIL AVIATION TRAINING LOCATIONS ARE TEMPORARILY CLOSED

* NO OUTLOOK ON GROWTH FOR FISCAL YEAR 2021 WILL BE PROVIDED AT THIS TIME

* PRODUCTION AT MAIN MANUFACTURING FACILITY IN MONTREAL SUSPENDED

* SEES DECREASE IN OPERATIONAL AND FINANCIAL PERFORMANCE IN FIRST HALF, AND FOR SECOND HALF OF YEAR TO POTENTIALLY BEGIN TO INFLECT POSITIVELY

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.