Don’t miss the latest developments in business and finance.

Bombardier forecasts 2018 revenue below Street estimates

Image
Reuters
Last Updated : Dec 14 2017 | 5:25 PM IST

(Reuters) - Canadian plane and train maker Bombardier Inc on Thursday forecast 2018 revenue to be $17.0 billion to $17.5 billion, well below Wall Street expectations.

Analysts on average had expected revenue of $18.37 billion, according to Thomson Reuters I/B/E/S.

Bombardier is targeting to break even on free cash flow in 2018, plus or minus $150 million, the company said ahead of its investor day scheduled to begin 3:00 p.m. ET.

(Reporting by Yashaswini Swamynathan and Allison Lampert; Editing by Saumyadeb Chakrabarty)

Also Read

First Published: Dec 14 2017 | 5:23 PM IST

Next Story