AAR Corp Q4 adjusted earnings Beat Estimates
AAR Corp (AIR) revealed a profit for fourth quarter that declined from the same period last year.
The company’s profit totaled $12.0 million, or $0.34 per share. This compares with $21.2 million, or $0.62 per share, in last year’s fourth quarter.
Excluding items, AAR Corp reported adjusted earnings of $18.8 million or $0.54 per share for the period.
Analysts had expected the company to earn $0.51 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.
The company’s revenue for the quarter rose 5.1% to $473.5 million from $450.5 million last year.
AAR Corp earnings at a glance:
-Earnings (Q4): $18.8 Mln. vs. $16.4 Mln. last year.
-EPS (Q4): $0.54 vs. $0.49 last year.
-Analysts Estimate: $0.51
-Revenue (Q4): $473.5 Mln vs. $450.5 Mln last year.
by RTTNews Staff Writer
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