05:32 PM EST, 11/12/2024 (MT Newswires) -- CAE (CAE) reported fiscal Q2 adjusted earnings late Tuesday of 0.24 Canadian dollars ($0.17) per share, down from CA$0.26 a year earlier.

Analysts polled by Capital IQ expected CA$0.18.

Revenue for the quarter ended Sept. 30 rose to CA$1.14 billion from CA$1.05 billion a year earlier.

Analysts surveyed by Capital IQ expected CA$1.09 billion.

Separately, CAE said Chief Executive Marc Parent will leave the company at its annual general meeting in August 2025.

The company said it will evaluate internal and external candidates for its new CEO.

CAE shares were up nearly 11% in after-hours activity.

Price: 21.42, Change: +2.09, Percent Change: +10.82