Investing.com - Transat AT Inc reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Transat AT Inc announced earnings per share of C$-3.2 on revenue of C$508.3M. Analysts polled by Investing.com anticipated EPS of C$-2.5 on revenue of C$571.58M.
Transat AT Inc shares are up 20% from the beginning of the year, still down 49.83% from its 52 week high of C$5.88 set on November 8, 2021. They are outperforming the Nasdaq which is down 24.49% from the start of the year.
Transat AT Inc follows other major Industrials sector earnings this month
Transat AT Inc's report follows an earnings missed by CAE Inc. on August 10, who reported EPS of C$0.06 on revenue of C$933.3M, compared to forecasts EPS of C$0.2288 on revenue of C$930.84M.
Stantec had beat expectations on August 10 with second quarter EPS of C$0.83 on revenue of C$1.12B, compared to forecast for EPS of C$0.7892 on revenue of C$1.09B.
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