CAE Preliminary Q4 Adj. EPS CAD$0.12 Vs CAD$0.33 YoY; Revenue CAD$1.11B Vs CAD$1.2B YoY
Portfolio Pulse from Benzinga Newsdesk
CAE reported its preliminary Q4 and full-year fiscal 2024 unaudited results. The company saw a significant drop in Q4 adjusted EPS to CAD$0.12 from CAD$0.33 YoY and a decrease in revenue to CAD$1.11B from CAD$1.2B YoY. The net loss attributable to equity holders was CAD$504.7M, compared to a net income of CAD$93.6M in the same quarter last year.
May 21, 2024 | 8:38 pm
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NEGATIVE IMPACT
CAE's preliminary Q4 results show a significant drop in adjusted EPS to CAD$0.12 from CAD$0.33 YoY and a decrease in revenue to CAD$1.11B from CAD$1.2B YoY. The net loss attributable to equity holders was CAD$504.7M, compared to a net income of CAD$93.6M in the same quarter last year.
The significant drop in adjusted EPS and revenue, along with a substantial net loss, indicates a negative short-term impact on CAE's stock price. Investors are likely to react unfavorably to these results.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100