UPDATE 3-Bombardier profit dips as plane deliveries, orders fall

Thu Oct 31, 2013 3:10pm EDT
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* Third-quarter net profit falls 15 pct to $147 mln

* Adjusted EPS unchanged at $0.09

* Management evaluating CSeries entry-into-service date, no change so far

* Says flight test going according to schedule, no delay (Updates with details on CSeries from conference call, stock reaction)

By Solarina Ho

TORONTO, Oct 31 (Reuters) - Canadian plane and train maker Bombardier Inc reported a 15 percent fall in net profit on Thursday, pressured by fewer aircraft orders and deliveries in the third quarter and contract issues in its train unit.

Montreal-based Bombardier also did not release any flight test data for its brand-new CSeries aircraft or offer an update on whether the plane will meet its ambitious schedule of going into commercial service by next September.

After the test plane's inaugural flight about a month and a half ago, it has only flown three more times, raising questions over whether the testing phase is on track.

Results fell short of forecasts and sent shares sliding more than 8 percent on the Toronto Stock Exchange.   Continued...