CAE Q2 Adj EPS $0.14, Inline, Sales $811.40M Beat $775.05M Estimate
Portfolio Pulse from Benzinga Newsdesk
CAE Inc. reported Q2 adjusted earnings of $0.14 per share, meeting analyst estimates, but representing a 6.67% decrease from the previous year. Sales were $811.40M, surpassing the $775.05M estimate, marking a 6.56% increase from the prior year.
November 14, 2023 | 1:15 pm
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NEUTRAL IMPACT
CAE matched EPS estimates but showed a year-over-year decline, while sales exceeded expectations and grew compared to last year.
Meeting EPS estimates typically doesn't move the stock price significantly, but the sales beat and year-over-year growth could be viewed positively. The decrease in EPS year-over-year might temper investor enthusiasm, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100