Bombardier profit up

Banners for the company Bombardier are shown at a sporting event in Lake Louise, Alberta canada goose store December 2, 2009. Canada Goose sale REUTERS/Andy ClarkThe company, the canada goose black friday sale world third biggest commercial planemaker, said that economic uncertainty in the United States and Europe was still hurting demand for its commercial jets but it did not announce any new production cuts.Demand for its larger sized Canada Goose Coats On Sale business jets, such as its Challenger and Global brands, remained strong although appetite for the smaller Learjets continued to be soft.It also said its all new C Series commercial jetliner was on track to meet its promised entry into service date of 2013. There has been growing doubt in the market that the single aisle 110 to 149 seater plane, Bombardier biggest, will meet its launch Canada Goose online date.aerospace side was definitely better than my estimates. Maybe the market was fearing much worse and just the fact buy canada goose jacket that it didn turn out that way, we are getting canada goose factory sale a bit of a relief rally out of Canada Goose Parka it, Canaccord Genuity analyst David Tyerman said.By canada goose mid afternoon, Bombardier stock was up 4.5 percent at C$3.95 on the Toronto Stock Exchange. The stock is down 21 percent this year partly on worries about flagging commercial aircraft canada goose clearance sales.Bombardier, which is also the world largest trainmaker, again burned through more cash in the quarter than canadagoosejacketsalesca canada goose uk black friday the market cheap Canada Goose expected, although it forecast a turnaround to positive cashflow in the fourth quarter.Free cashflow usage more than tripled to $346 million in the three months, with some of the drain coming from the company rail unit as inventories built up there due to delays caused by safety approval bottlenecks on several large contracts in Europe.Train deliveries had, however, already restarted in France and Sweden and canada goose uk shop a resumption in Germany was imminent, Bombardier Chief Executive Pierre Beaudoin said on canada goose coats on sale a conference call.RESULTS canadian goose jacket BEAT EXPECTATIONS Bombardier reported a third uk canada goose quarter net profit of $192 million, or 11 cents a canada goose clearance sale share, up from $147 million, or 8 cents a share, a year ago. That was above the 10 cents a share analysts uk canada goose outlet on average had expected, according Canada Goose Jackets to Thomson Reuters I/B/E/S.Revenue rose 16 percent to $4.62 billion, also higher than the market cheap canada goose uk expected.Revenue at its aerospace division, which manufactures business, commercial and amphibious aircraft, was up 28 percent at $2.3 billion.The group delivered 68 aircraft in the quarter, up from 51 in the same period in 2010. It received 34 net orders during the third quarter 30 for business jets, but just four for commercial aircraft.Even so, the company did not announce further production cuts for its CRJ or Q400 fleet and hinted there could be more orders to come. It announced output reductions at both earlier this year.have made our plans for next year and we have nothing to announce in terms of production. We feel good about next year canada goose uk outlet production, Beaudoin said.Revenue at Bombardier transportation division, which houses its train operations, rose 5 percent to $2.3 billion.C SERIES ON TRACK Beaudoin said Bombardier was coat comfortable with the 133 firm orders for its new C Series aircraft two years ahead of its launch date and did not feel it had to Canada Goose Outlet make compromises to win business.will be more announcements, but we think we are in a good position at buy canada goose jacket cheap this stage, he canada goose coats said.Morningstar analyst Neal Dihora said he was hopeful that the margins on sales of the C Series would be higher than for Bombardier other commercial planes.Bombardier also announced that its financial year end will Canada Goose Online change to December 31 from January 31, effective December 31 2011.