CAE delays earnings, says auditor needs more time

CAE said in a release Wednesday the postponement will “allow [its] external auditors to complete their final normal course audit procedures.”

The Montreal-based maker of flight simulators said in a release Wednesday the postponement will “allow [its] external auditors to complete their final normal course audit procedures.”

In response to a follow-up question from BNN Bloomberg, a spokesperson for CAE said the auditor (PricewaterhouseCoopers LLP) advised the company “they needed more time to complete their technical work.”

CAE has not confirmed its new earnings release date, but stated it expects the results will be out by June 2. The release was originally scheduled for May 19.