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MacDonald, Dettwiler And Associates Profit Falls On Costs, Yet Tops Estimates

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

MacDonald, Dettwiler and Associates Ltd. (MDA.TO), a provider of essential information solutions, Wednesday reported fourth-quarter net earnings of C$12.6 million or C$0.40 per share, compared with C$29 million or C$0.91 per share last year.

Results for the latest quarter included, among other items, business acquisition costs of about C$11 million, and share-based compensation expense of C$11.6 million.

Excluding items, operating earnings for the quarter totaled C$40.6 million or C$1.27 per share, compared with C$31 million or C$0.97 per share a year ago.

On average, 9 analyst polled by Thomson Reuters estimated earnings of C$1.14 per share for the quarter. Analysts' estimates typically exclude one-time items.

The Canada-based company reported a surge in quarterly revenues to C$372.6 million from C$178 million in the prior year. Analysts on consensus estimated revenues of C$335.81 million.

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