Bombardier posts quarterly profit

Thu Feb 13, 2014 6:17am EST
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Feb 13 (Reuters) - Canadian plane and train maker Bombardier Inc reported a quarterly profit on Thursday and said the initial ground and flight test performance results of its CSeries' aircraft program were in line with the company's expectations.

Montreal-based Bombardier reported net income $97 million, or 5 cents per share, for the fourth quarter ended Dec. 31, compared with a loss of $4 million, or 1 cent per share, a year earlier.

Revenue rose 15 percent to $5.3 billion.