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Exchange Income Q2 Adjusted Earnings Jumps 23%, Beats Forecast

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Exchange Income's (EIF.TO) second-quarter adjusted earnings jumped 23% to C$1.13 per share, from C$0.92 per share, in the prior year period, the company said after trade on Tuesday.

Analysts polled by FactSet had expected C$1.05 per share.

Quarterly revenue rose 32% to C$952 million over the same period, beating the C$914.8 million forecast.

The company said revenue generated by the aerospace and aviation segment increased by 43% to C$649 million, while revenue in the manufacturing segment climbed 14% to C$303 million.

Exchange Income hiked its monthly dividend to C$0.24 from C$0.23 starting for the month ending August 31 and payable on September 15.

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