Wesco Aircraft: Fiscal 3Q Earnings Snapshot
VALENCIA, Calif. (AP) _ Wesco Aircraft Holdings Inc. (WAIR) on Thursday reported fiscal third-quarter net income of $10.8 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Valencia, California-based company said it had net income of 11 cents. Earnings, adjusted for one-time gains and costs, were 20 cents per share.
The results met Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 20 cents per share.
The aircraft parts distributor posted revenue of $410.4 million in the period.
Wesco Aircraft shares have climbed 61 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $11.93, a rise of 13 percent in the last 12 months.