AAR Corp. (AIR) reported third quarter net income of $0.50 per share after the close Tuesday, up from $0.44 per share in the previous year. The consensus estimate was for EPS of $0.49.
AAR Corp. steadily declined during the first hour of trade Wednesday, but settled into a range for the remainder of the day. The stock closed lower by 2.14 at $20.04, with volume at a 6-month high. AAR dropped below a range and set over a 2-month low.
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