Bombardier Reports 13% Rise In FQ1 Profit

Bombardier Inc

reported a 13% rise in its fiscal first-quarter profit on Wednesday. Bombardier reported its quarterly profit at $220 million, or $0.12 per share, up from $194 million, or $0.11 per share, in the year-earlier period. The company's sales climbed 9.3% to $4.66 billion. The company's overall backlog surged to $55.1 billion from $52.7 billion at the end of January. Bombardier shares gained 0.06% to close at $24.98 yesterday. Read more