Bombardier shares against trend as it reports 1Q financials and breaks CSeries drought
Bombardier has broken a 16-month ordering drought for its new CSeries and reported a better-than-expected 1QFY2012 profit, lifting its shares 3% against a general aerospace stock slump. Bombardier, which is also the world's largest train maker, reported net profit of USD220 million, up from USD195 million a year ago. Revenue rose 9%, to USD4.66 billion.
