Bombardier Quarterly Profit Falls on Lower Plane Sales

Bombardier Inc., the world’s third- biggest planemaker, said quarterly profit slid 16 percent amid sluggish demand for commercial and business jets.

Net income through Oct. 31 dropped to $141 million, or 8 cents a share, from $167 million, or 9 cents, a year earlier, Montreal-based Bombardier said today in a statement. Earnings trailed the 9-cent average of 19 analysts’ estimates compiled by Bloomberg. Sales fell 13 percent to $4 billion, below the average projection of......

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