CAE: Fiscal Q2 Earnings Snapshot

ST-LAURENT, Quebec (AP) — ST-LAURENT, Quebec (AP) — CAE Inc. (CAE) on Wednesday reported fiscal second-quarter profit of $41.9 million.

The St-Laurent, Quebec-based company said it had profit of 13 cents per share. Earnings, adjusted for restructuring costs and amortization costs, were 24 cents per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 19 cents per share.

The civil and military flight simulator company posted revenue of $860.9 million in the period, which missed Street forecasts. Four analysts surveyed by Zacks expected $907.7 million.

CAE expects full-year earnings in the range of 92 cents to 97 cents per share.

CAE shares have fallen 10% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $27.39, decreasing slightly in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CAE at https://www.zacks.com/ap/CAE