MONTREAL (AP) _ CAE Inc. (CAE) on Friday reported fiscal second-quarter earnings of $52 million.
The Montreal-based company said it had net income of 19 cents per share. Earnings, adjusted for non-recurring gains, came to 17 cents per share.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 19 cents per share.
The civil and military flight simulator company posted revenue of $515.4 million in the period, which also did not meet Street forecasts. Three analysts surveyed by Zacks expected $554.8 million.
CAE shares have increased 25 percent since the beginning of the year. In the final minutes of trading on Friday, shares hit $17.44, an increase of 19 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CAE at https://www.zacks.com/ap/CAE
Automated Insights, source Associated Press News