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MacDonald, Dettwiler And Associates Q1 Profit Rises

MacDonald, Dettwiler and Associates Ltd. (MDA.TO: Quote) posted first-quarter net earnings of C$33 million or C$1.05 per share, compared to C$28 million or C$0.69 per share last year.

Operating earnings were C$29 million or C$0.92 per share, up from C$27 million or C$0.65 per share in the same quarter last year. On average, eleven analysts polled by Thomson Reuters expected the company to earn C$0.88 per share. Analysts' estimates typically exclude special items.

Revenues dropped to C$172 million from C$206 million in the comparable quarter last year, while eight analysts expected revenues of C$186.89 million for the quarter.

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by RTT Staff Writer

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