Industrial shares were mixed in afternoon trading, with the
S&P/TSX Industrials index up 0.2%.
Bombardier (BBD-B.TO): +0.4%
WestJet (WJA.TO): +4.5%
Air Canada (AC-B.TO): +2.0%
Canadian Pacific Railway (CP.TO): -0.3%
Canadian National Railway (CNR.TO): -0.4%
In corporate news, Bombardier Transportation Tuesday said that
SNCF has exercised an option for 22 additional Francilien commuter
EMUs. The order, co-financed by STIF, the Ile-de-France
transportation authority, and SNCF, is valued at approximately 162
million euro (US$218 million). It is part of the initial 2006
contract with SNCF for up to 372 trains for the Ile-de-France. With
this order, a total of 194 Francilien trains have been ordered.
A statement said the 22 additional trains will be delivered by
the end of 2016 and will be rolled out on SNCF Transilien lines H
and K. At present, 136 Bombardier Francilien trains operate from
the Paris stations Gare du Nord, Gare de L'Est and Gare Saint
Meanwhile, WestJet \Tuesday reported Q2 results for 2014, with
net earnings of $51.8 million or $0.40 per fully diluted share, as
compared with the net earnings of $44.7 million or $0.34 per fully
diluted share reported in the second quarter of 2013. According to
the Capital IQ forecasts available through Bloomberg, the average
forecast was for EPS of $0.27 or $0.28 a share.
The company also declared a cash dividend of $0.12 per common
voting share and variable voting share for the third quarter of
2014, to be paid on September 30, 2014, to shareholders of record
on September 17, 2014.