CAE Reports Q3 Fiscal Earnings: $78.1M Net Income, 24c EPS vs. 22c Estimate

CAE Inc. (CAE) reported fiscal third-quarter net income of $78.1 million, or 24 cents per share, topping Zacks Investment Research’s average analyst estimate of 22 cents per share. Revenue totaled $898.2 million, slightly below the $904.9 million forecast. CAE shares rose to $31.38 at Thursday’s close, up 3% year-to-date and 33% over the past 12 months.