AAR Q1 Profit Meets Estimate; Backs FY14 Outlook - Quick Facts

(RTTNews) - AAR (AIR) Tuesday said first-quarter net income attributable to the company was $17.9 million, compared to $18.2 million in the comparable quarter last year. Earnings per share for the latest first quarter were $0.45, same as last year.

On average, seven analysts polled by Thomson Reuters expected the company to earn $0.45 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues were $514.50 million, down from $550.50 million last year, while five analysts expected revenues of $542.11 million.

Looking ahead to the fiscal year 2014, the company continues to expect earnings in the range of $2.00 to $2.05 per share and revenues in the range of $2.18 billion to $2.23 million.

Analysts, based on consensus, currently expect the company to report full-year earnings of $2.03 per share on revenues of $2.21 billion.