Cae reports fourth quarter and full fiscal year 2020 results

Cae reports fourth quarter and full fiscal year 2020 results.q4 earnings per share c$0.29.q4 revenue c$977.3 million versus refinitiv ibes estimate of c$1.04 billion.q4 earnings per share estimate c$0.41 -- refinitiv ibes data.q4 earnings per share c$0.46 excluding items.reduction of capital expenditures and research and development investments in fiscal 2021.for fiscal year ahead, expect material decrease in operational and financial performance.cae - in short-term, company expects pandemic to have a significantly negative impact on performance.one-third of global civil aviation training locations are temporarily closed.no outlook on growth for fiscal year 2021 will be provided at this time.production at main manufacturing facility in montreal suspended.sees decrease in operational and financial performance in first half, and for second half of year to potentially begin to inflect positively.
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