AAR Corp Q1 Earnings Climb 59%

(RTTNews) - AAR Corp (AIR) released a profit for its first quarter that advanced from last year.

The company said its bottom line rose to $22.9 million, or $0.65 per share. This was higher than $14.4 million, or $0.36 per share, in last year's first quarter.

Analysts had expected the company to earn $0.23 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 4.4% to $377.8 million. This was down from $395.1 million last year.

AAR Corp earnings at a glance:

-Earnings (Q1): $22.9 Mln. vs. $14.4 Mln. last year.
-Earnings Growth (Y-o-Y): 59.0%
-EPS (Q1): $0.65 vs. $0.36 last year.
-EPS Growth (Y-o-Y): 80.6%
-Analysts Estimate: $0.23
-Revenue (Q1): $377.8 Mln vs. $395.1 Mln last year.
-Revenue Change (Y-o-Y): -4.4%