Bombardier 3Q profit falls 25 pct, revenue steady

AP News
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Posted: Dec 03, 2009 12:52 PM

The airplane and train manufacturer Bombardier says its profit fell 25 percent in its third quarter amid harsh economic conditions.

CEO Pierre Beaudoin says the economic environment remains difficult and affected its activities and financial results, especially at Bombardier Aerospace.

Bombardier Inc. said Thursday earnings available to Bombardier shareholders fell to $167 million, or 9 cents per share, for the quarter ended Oct. 31. That's down from a year-ago profit of $222 million, or 12 cents per share.

The company says revenue was little changed at almost $4.6 billion.

It says there were 7 net orders for aircraft in the quarter versus 68 a year earlier.

But it says after the quarter ended, it got an order for 22 jets with a value of $779 million from the parent of regional airline American Eagle.