AAR: Fiscal 4Q Earnings Snapshot
Jul. 10, 2018
WOOD DALE, Ill. (AP) _ AAR Corp. (AIR) on Tuesday reported fiscal fourth-quarter net income of $12 million.
The Wood Dale, Illinois-based company said it had profit of 34 cents per share. Earnings, adjusted for one-time gains and costs, came to 54 cents per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 52 cents per share.
The airplane maintenance company posted revenue of $473.5 million in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $476.2 million.
For the year, the company reported profit of $15.6 million, or 41 cents per share. Revenue was reported as $1.75 billion.
AAR expects full-year earnings to be $2.50 to $2.80 per share, with revenue in the range of $2.1 billion to $2.2 billion.
AAR shares have climbed 24 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $48.66, a rise of 38 percent in the last 12 months.