Based on its preliminary results, the flight simulator company says it expects to post a loss of $1.58 per share for the quarter ended March 31 compared with a profit of $93.6 million or 29 cents per share a year earlier.
Revenue for the quarter is expected to total $1.13 billion, according to the preliminary results, down from $1.20 billion a year earlier. CAE says it will provide more detail when it releases its full results on May 27 after financial markets close.
Source: News Formal (newsformal.com)
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