Montreal-based multinational CAE posted first-quarter revenue up 13% on Wednesday as the commercial aviation sector rebounded after being grounded during the pandemic.
The healthcare and flight simulator maker said net income attributable to equity holders was $65.3 million in the period ended June 30, compared to 1.7 million a year ago.
CAE reported net earnings of 20 cents per share, compared to 1 cent per share last year.
Its adjusted earnings were 24 cents per share, while analysts polled by Refinitiv were expecting a performance of 21 cents per share.
CAE’s quarterly revenue fell from US933 million last year to US1.05 billion this year.
