CAE Q1 Adj $0.18 Beats $0.16 Estimate, Sales $784.91M Beat $762.48M Estimate
Portfolio Pulse from Benzinga Newsdesk
CAE (NYSE:CAE) reported Q1 earnings of $0.18 per share, beating the analyst consensus estimate of $0.16 by 12.5%. This is a 260% increase from the same period last year. The company also reported quarterly sales of $784.91 million, beating the analyst consensus estimate of $762.48 million by 2.94%. This is a 7.32% increase from the same period last year.
August 09, 2023 | 12:16 pm
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POSITIVE IMPACT
CAE's Q1 earnings and sales beat analyst estimates, with a significant YoY increase in earnings per share.
CAE's Q1 earnings and sales exceeded analyst estimates, which is typically a positive signal for the stock. The significant YoY increase in earnings per share indicates strong financial performance, which could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100