AAR (AIR) Tuesday said profit fell in the third quarter, due mainly to lower revenues. However, both earnings and revenues came in above analysts' expectations. The company has also increased its earnings guidance for the fiscal year 2013.
Net income attributable to the company dropped to $18.4 million or $0.46 per share from $20.6 million or $0.50 per share in the same period last year.
On average, seven analysts polled by Thomson Reuters expected the company to earn $0.43 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues totaled $520.2 million, down from $534.2 million last year. Analysts expected revenues of $517.02 million. Looking ahead to the fiscal year 2013, the company has lifted its earnings guidance to a range of $1.78 to $1.82 per share. This compares to the previous guidance range of $1.70 to $1.80 per share. Revenues are projected at approximately $2.15 billion.
Analysts, based on consensus, currently expect the company to report full-year earnings of $1.80 per share on revenues of $2.12 billion.
For comments and feedback contact: editorial@rttnews.com
Business News
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.