CAE Flies High On Strong Civil, Defense Sales
CAE’s shares climbed 8% on Aug. 9 after it reported strong results for the April-to-June quarter.
Credit: Timon Schneider/Alamy Stock Photo
Canada-based CAE Inc. beat analysts’ expectations in the April-to-June quarter as its revenue rose 13% annually to C$1.05 billion ($780 million) and earnings per share reached 24 cents. Double-digit growth in CAE’s civil aviation business in the company’s fiscal 2024 first quarter (Q1) helped its...
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