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Company News

Bombardier forecasts 2018 revenue below Street estimates

Dec 14 (Reuters) - Canadian plane and train maker Bombardier Inc on Thursday forecast 2018 revenue to be $17.0 billion to $17.5 billion, well below Wall Street expectations.

Analysts on average had expected revenue of $18.37 billion, according to Thomson Reuters I/B/E/S.

Bombardier is targeting to break even on free cash flow in 2018, plus or minus $150 million, the company said ahead of its investor day scheduled to begin 3:00 p.m. ET. (Reporting by Yashaswini Swamynathan and Allison Lampert; Editing by Saumyadeb Chakrabarty)

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