AAR Corp Q3 Profit Decreases, but beats estimates

AAR Corp (AIR) announced earnings for third quarter that decreased from last year but beat the Street estimates.

The company's bottom line totaled $22.5 million, or $0.63 per share. This compares with $28.1 million, or $0.79 per share, in last year's third quarter.

Excluding items, AAR Corp reported adjusted earnings of $22.5 million or $0.63 per share for the period.

Analysts on average had expected the company to earn $0.58 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 10.2% to $452.2 million from $410.3 million last year.

AAR Corp earnings at a glance (GAAP) :

-Earnings (Q3): $22.5 Mln. vs. $28.1 Mln. last year.
-EPS (Q3): $0.63 vs. $0.79 last year.
-Analyst Estimates: $0.58
-Revenue (Q3): $452.2 Mln vs. $410.3 Mln last year.

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