AAR Corp Q1 adjusted earnings Beat Estimates

(RTTNews) - AAR Corp (AIR) reported earnings for its first quarter that increased from last year.

The company's profit totaled $15.1 million, or $0.43 per share. This compares with $10.6 million, or $0.31 per share, in last year's first quarter.

Excluding items, AAR Corp reported adjusted earnings of $18.8 million or $0.54 per share for the period.

Analysts had expected the company to earn $0.52 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 17.2% to $466.3 million from $397.9 million last year.

AAR Corp earnings at a glance:

-Earnings (Q1): $18.8 Mln. vs. $11.4 Mln. last year. -EPS (Q1): $0.54 vs. $0.33 last year. -Analysts Estimate: $0.52 -Revenue (Q1): $466.3 Mln vs. $397.9 Mln last year.