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EADS (OTCPK:EADSY) took a €158M ($201M) charge in Q1 to fix wing cracks in its A380...

May 16, 2012 8:28 AM ETAirbus SE (EADSY) StockEADSYBy: Carl Surran, SA News Editor
EADS (OTCPK:EADSY) took a €158M ($201M) charge in Q1 to fix wing cracks in its A380 superjumbo but raised its projection for full-year earnings on increased commercial jet production. EADS reported a net profit of €133M for the quarter vs. a loss of €12M Y/Y as revenue rose 16% to €11.4B. It now expects full-year EPS above €1.85, a €0.20 rise, and a full-year increase in revenue of more than 6%.

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