Plus   Neg

Atlas Air Worldwide Raises Q2, FY18 Earnings Outlook - Quick Facts

Ahead of its investor-analyst day later today, Atlas Air Worldwide Holdings, Inc. (AAWW) on Monday raised its earnings outlook for the second quarter and full-year 2018.

Citing the demand for its aircraft and services, Atlas Air now anticipates second-quarter adjusted income from continuing operations, net of taxes, to grow by 40 percent to 45 percent compared with first-quarter 2018 adjusted net income of $23.8 million. The outlook represents an increase from growth of 30 percent to 35 percent expected previously.

For fiscal 2018, Atlas Worldwide now expects adjusted income from continuing operations, net of taxes, to rise 35 percent to 40 percent compared with 2017 adjusted net income of $133.7 million. This represents an increase from the company's prior outlook for low- to mid-30 percent growth.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Lord & Taylor joined the growing list of U.S. retailers who filed for bankruptcy amid the coronavirus pandemic. Lord & Taylor, one of the oldest department store chains in the U.S., filed for bankruptcy protection in the Eastern Court of Virginia on Sunday. The company operated 38 stores that have remained temporarily closed since March this year due to the pandemic. Thomson International Inc. is recalling Red, Yellow, White, and Sweet Yellow Onions for potential contamination with Salmonella, according to a statement by the U.S. Food and Drug Administration or FDA. The onions are in distribution since May 1, 2020. They were sold to wholesalers, restaurants, and retail stores in all 50 U.S. states, the District of Columbia and Canada. Tyson Foods, Inc. (TSN) reported third quarter adjusted net income per share attributable to company of $1.40 compared to $1.47, a year ago. On average, 12 analysts polled by Thomson Reuters expected the company to report profit per share of $0.94, for the quarter. Analysts' estimates typically exclude...
Follow RTT