Bombardier slashes full-year revenue forecast by $1-billion, warns on lower profit GlobeBusiness
Canada’s Bombardier Inc on Thursday cut its full-year profit and revenue forecast, due to slower production ramp-up of some of its large projects in its transportation business.
The plane and train maker cut its 2019 revenue estimates by US$1-billion to US$17-billion, while adjusted core earnings is expected to be in the range of US$1.50-billion to US$1.65-billion, compared with its prior expectation of US$1.65-billion to US$1.8-billion.Due to technical reasons, we have temporarily removed commenting from our articles. We hope to have this fixed soon. Thank you for your patience.
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