Aircraft maker Bombardier reports Q1 profit and revenue down from year ago

Bombardier Inc. reported a first-quarter profit of US$110 million, down from a profit of US$302 million a year earlier, as its revenue fell 12 per cent.

Bombardier Inc. reported a first-quarter profit of US$110 million, down from a profit of US$302 million a year earlier, as its revenue fell 12 per cent.

The Montreal-based aircraft maker, which keeps its books in U.S. dollars, says the profit amounted to US$1.02 per diluted share for the quarter ended March 31, down from US$2.98 per diluted share in the same quarter last year.

Revenue totalled US$1.28 billion, down from US$1.45 billion.