AAR Corp Announces 59% Drop In Q1 Profit

(RTTNews) - AAR Corp (AIR) reported a profit for first quarter that decreased compared to the same period last year.

The company said its bottom line totaled $9.5 million, or $0.28 per share. This was lower than $22.9 million, or $0.65 per share, in last year's first quarter.

The company said revenue for the quarter rose 4.7% to $404.8 million. This was up from $386.7 million last year.

AAR Corp earnings at a glance:

-Earnings (Q1): $9.5 Mln. vs. $22.9 Mln. last year. -Earnings Decline (Y-o-Y): -58.5% -EPS (Q1): $0.28 vs. $0.65 last year. -EPS Decline (Y-o-Y): -56.9% -Revenue (Q1): $404.8 Mln vs. $386.7 Mln last year. -Revenue Change (Y-o-Y): 4.7%