MONTREAL -- Bombardier Inc. reported a fourth-quarter loss of US$109 million compared with a loss of US$259 million in the same quarter a year earlier.

The Montreal-based aerospace and railway manufacturer, which keeps its books in U.S. dollars, says the loss amounted to five cents per share for the three months ended Dec. 31 compared with a loss of 12 cents per share in the prior quarter.

Revenue totalled $4.72 billion, up from $4.38 billion.

On an adjusted basis, Bombardier says it earned $51 million or two cents per share for the quarter compared with an adjusted loss of $141 million or seven cent per share a year earlier.

Analysts on average had expected a break-even quarter for the company and revenue of $4.75 billion, according to Thomson Reuters.

The company also announced that its stake in Bombardier Transportation will increase by 2.5 percentage points to 72.5 per cent because the division's results outpaced the performance targets in its investment agreement with Quebec pension fund manager Caisse de depot.