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Bombardier beats earnings estimates on rail strength; shares jump


By Allison Lampert and Nivedita Bhattacharjee(Reuters) - Bombardier reported quarterly results on Thursday that beat expectations thanks to its rail division, sending shares surging, and said a favourable decision by a U.S. trade agency gave it flexibility to deliver CSeries jets to Delta Air Lines this year.The International Trade Commission on Wednesday said it rejected hefty U.S. duties on the CSeries jets partly because Boeing Co lost no sales or revenue when Delta ordered the aircraft in 2016 from the Canadian plane-and-trainmaker.During a call with analysts, Bombardier Chief Executive ...

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First Published: Thu, February 15 2018. 21:08 IST