AAR: Fiscal 1Q Earnings Snapshot
WOOD DALE, Ill. (AP) _ AAR Corp. (AIR) on Tuesday reported fiscal first-quarter net income of $15.1 million.
The Wood Dale, Illinois-based company said it had net income of 43 cents per share. Earnings, adjusted for one-time gains and costs, came to 54 cents per share.
The results beat 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 $466.3 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $454.7 million.
AAR shares have risen 17 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $46, a rise of 24 percent in the last 12 months.