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Company News

BUZZ-Bombardier Inc: Rises after profit beat estimates

** Canadian plane and train manufacturer’s shares surge about 10 pct to C$2.23 after Q4 profit beats est

** Revenue from sales of business jets rise more than 3 pct to $1.5 bln on a rise in demand for aftermarket services and higher-priced corporate planes

** Earnings before interest and taxation (EBIT) of $342 mln also beat analysts’ estimates of $254.5 mln, according to IBES data from Refinitiv

** CEO on conf call says new CRJ 550 50 seater regional jet will gain “traction in the marketplace”

** Up to Wed close, stock was up ~7 pct YTD (Reporting by John Benny in Bengaluru)

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