CAE confirms in advanced talks with AirAsia

-A +A

(Aug 11): CAE reported revenue for the first quarter that missed the average analyst estimate.

* 1Q revenue C$698.9 million, estimate C$699.7 million (range C$681.0 million to C$709.0 million)
* Sees FY capital expenditure C$150 million
* 1Q Fiscal 2018 Results & Reports Div Boost
* 1Q Profit cont Ops/Shr C$0.24
* Confirms in Advanced Talks With Airasia
* In Talks to Buy Airasia's 50% Share of Joint Venture
* 1Q Profit cont Ops/Shr C$0.24, est. C$0.25
* Board Approves Qtr Div Boost to C$0.09/shr From C$0.08

NOTE:
* 4 buys, 8 holds, 0 sells before today
* Call 1:30pm (NY time), 877-586-3392