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Air Lease Corp. Q1 Profit Up 49% - Quick Facts

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Air Lease Corp. (AL: Quote) Thursday said first-quarter profit increased to $40.0 million or $0.38 per share from $26.93 million or $0.26 per share in the same period last year.

Adjusted earnings for the quarter was $47.77 million. On average, 12 analysts polled by Thomson Reuters expected the company to earn $0.38 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues totaled $192 million, up 45 percent from $133 million last year. Analysts expected revenues of $195.98 million.

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by RTT Staff Writer

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While stocks have largely maintained a positive bias over the course of the trading day on Thursday, the major averages are turning in a mixed performance in mid-day trading. The S&P 500 has reached a new record intraday high and the Dow has climbed back above 17,000, while the tech-heavy Nasdaq is posting a modest loss. Suggesting that the economy is gaining traction, the Conference Board released a report on Thursday showing a bigger than expected increase by its index of leading U.S. economic indicators in July. Results of a survey released by the Federal Reserve Bank of Philadelphia on Thursday showed that regional manufacturing activity unexpectedly grew at an accelerated rate in the month of August, with the index of activity in the sector reaching a three-year high.
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