AAR Q1 Net Profit Rises

(RTTNews) - AAR Corp. (AIR) reported net income for the first quarter of $22.9 million or $0.65 per share, compared to $14.4 million or $0.36 per share for the year-ago quarter.

Income from continuing operations for the first quarter was $8.2 million or $0.23 per share,compared to $11.8 million or $0.29 per share in the prior year quarter.

Sales for the first quarter fell to $377.8 million from $395.1 million a year ago.

Analysts polled by Thomson Reuters expected the company to earn $0.23 per share on revenue of $409.50 million for the first quarter. Analysts' estimates typically exclude special items.