MONTREAL - Bombardier Inc. (TSX:BBD.B) saw its fourth-quarter net income fell by US$200 million to just $14 million before adjustments — mostly due to weak results from its rail division
Bombardier's adjusted profit, which excludes a number of items, was also down year-to-year but less dramatically and within analyst expectations.
Adjusted earnings were down $39 million or 17 per cent to US$188 million or 10 cents per share. Bombardier's rail division responsible for most of the decline.
The Montreal-based company's overall revenue for the quarter rose to US$4.7 billion from $4.3 billion a year earlier, with all due to Bombardier Aerospace.
Revenue at Bombardier Transportation fell from a year earlier to $2.158 billion from $2.3 billion in the fourth quarter of 2011.