- Bombardier (OTCQX:BDRAF, OTCQX:BDRBF) reported a lower-than-expected adjusted net loss of $10M compared with a $2M profit a year earlier, when the company booked non-cash charges of about $4.4B on its CSeries and Learjet 85 programs.
- The planemaker delivered 36 business jets and 16 commercial aircraft during the quarter vs. 43 and 14 in the same period last year.
- Bombardier still expects to finish the year with improved operating margins in all of its businesses and raised the lower end of its EBIT forecast to $350M from $200M, while maintaining the upper end at $400M.