Friday May 9, 12:44 PM
AirCastle 1Q net EPS 41 cents; revenue up 93% to $135 million
NEW YORK (Thomson Financial) - AirCastle Ltd Friday said adjusted first-quarter income from continuing operations was $20.9 million, while income from continuing operations, including depreciation, was $83.1 million, or $1.07 a share.
Net income was $31.6 million, or 41 cents a share.
The mean estimate of analysts polled by Thomson Reuters (TRI.TO - news) was 45 cents a share.
Revenue for the transportation company rose 93% to $135 million, above the $126.9 million analyst estimate.
In the year-ago period, the company posted adjusted income from continuing operations of $34.9 million, on revenue of $70 million.
Shares of AirCastle closed Thursday at $15.75. The stock is down about 55% over the past 52 weeks.
Ryan Vlastelica
rv/pc
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