Bombardier Inc. expects revenue to grow to between US$17 billion and US$17.5 billion next year.
The company (TSX:BBD.B) says that’s up by about US$1 billion from its guidance for 2017 at the mid-point of the range.
However, analysts on average had expected revenue to grow to about $18.4 billion next year, according to Thomson Reuters.
Bombardier says the growth in revenue is expected to be driven by the ramp-up of key projects at Bombardier Transportation and higher C Series aircraft deliveries.
Over the next three years, the company’s objective is to grow revenue by US$4.0 billion, which represents a seven per cent compound annual growth rate.
Bombardier is expected to provide an update on its turnaround plan and discuss its guidance at its annual investor conference this afternoon.