The Globe and Mail reports in its Thursday, Nov. 12, edition that CAE says it is raising its earnings outlook for the fiscal year despite a fall in profit. A Canadian Press dispatch to The Globe reports that the flight simulator maker says it is increasing its adjusted earnings forecast to between $1.28 and $1.35 a share, up from between $1.21 and $1.28 a share previously. For the three months ended Sept. 30, the Montreal-based company says net income attributable to shareholders dropped 20.7 per cent to $58.6-million from $73.9-million in the same period a year earlier. It says its second quarter revenue slipped 2.6 per cent year-over-year to $1.2-billion from $1.24-billion. On an adjusted basis, CAE says its earnings rose to 33 cents a share from 28 cents a share the year before. Chief executive officer Matthew Bromberg says the company remains focused on continuing its year-old transformation plan, which aims to drastically reduce the manufacturer's global footprint by the end of the year.