11:37 AM EST - CAE Inc. : announced a surge in third-quarter earnings on improved revenue from diversified businesses and impact of weaker Canadian dollar against U.S. dollar. The company said it is cautious about the short-term demand for air travel as global markets reflect constrained economic conditions. In addition, the company declared a dividend of $0.03 per share. The Montreal-based company recorded a significant increase in quarterly net earnings to $53.3 million from $39.5 million a year ago. Earnings from continuing operations were $0.21 per share compared to $40.1 million or $0.16 per share in the same quarter last year. Revenue for the quarter surged to $424.6 million from $344.8 million a year ago. Revenue recorded a sequential growth of four per cent. CAE Inc.
shares T.CAE are trading up $0.27 at $7.57.
