(Photo: Bombardier)

MonTREAL Bombardier Inc. says it had adjusted net income totalling US$158 million in the third quarter, equivalent to nine cents per share in line with analyst estimates.

Bombardiers revenue was about US$300 million higher than last year, rising to US$4.4 billion, slightly better than the estimate of US$4.34 billion, but the adjusted earnings were down slightly from the second quarter of 2012.

The Montreal-based company is the worlds largest manufacturer of passenger rail equipment and is third largest maker of passenger planes after Boeing and Airbus.

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Its net income, before adjustments, rose to $180 million or 10 cents per share from $147 million or eight cents per share. Adjusted earnings were $167 million or nine cents per share in the second quarter of 2012.

The adjusted net income, which is more closely watched by analysts, included special items in both Bombardier Transportation and Bombardier Aerospace for both years.

The outlook for both groups is positive. Our record backlog of $65.5 billion, combined with our significant investments in new products, ensure solid growth in the years to come, said Pierre Beaudoin, Bombardiers president and CEO.