Aircastle: 2Q Earnings Snapshot
STAMFORD, Conn. (AP) _ Aircastle Ltd. (AYR) on Tuesday reported second-quarter earnings of $31.1 million.
The Stamford, Connecticut-based company said it had net income of 41 cents per share. Earnings, adjusted for non-recurring costs, came to 48 cents per share.
The results missed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 52 cents per share.
The aircraft leasing company posted revenue of $223.4 million in the period.
Aircastle shares have climbed 13% since the beginning of the year. The stock has decreased roughly 5% in the last 12 months.