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Bombardier Inc.

11:29 AM EST - Bombardier Inc. : today reported its financial results for the second quarter ended July 31, 2011. This is the second interim reporting period under IFRS. Revenues increased by 17% to reach $4.7 billion, compared to $4 billion for the corresponding period last fiscal year. Earnings before financing income, financing expense and income taxes (EBIT) totalled $296 million, versus $249 million last fiscal year. The EBIT margin stands at 6.2%, the same as last fiscal year. Net income for the second quarter ended July 31, 2011 amounted to $211 million, compared to $138 million for the same period last fiscal year. Bombardier Inc. shares T.BBD.B are trading down $0.25 at $4.87.