AAR (AIR) Wednesday reported a first-quarter profit of $18.2 million or $0.45 per share, up from $16.6 million or $0.41 per share in the same period last year.
On average, five analysts polled by Thomson Reuters expected the company earn $0.39 per share for the quarter. Analysts' estimates typically exclude special items.
Consolidated sales increased to $550.5 million from $485.5 million last year. Analysts expected revenues of $536.97 million.
Last year's first quarter sales included $33.3 million from the sale of two aircraft from the Company's aircraft portfolio.
Looking ahead to the fiscal year 2013, the company raised its outlook to a range of $1.60 to $1.70 per share. This compares to the previous guidance range of $1.55 to $1.65 per share.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.