Bombardier Q4 Earnings Decline 27%
Bombardier Inc (OTC: BDRBF) reported a 27% drop in its fourth-quarter earnings.
Bombardier's quarterly earnings declined to $214 million, or $0.12 per share, from $295 million, or $0.16 per share, in the year-earlier period. However, analysts were expecting earnings of $0.11 per share.
Bombardier's revenue dropped to $4.32 billion from $5.59 billion, versus analysts' estimates of $4.74 billion.
Bombardier shares closed at $4.83 yesterday.
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