Air Lease corp. Profit Drops 3% In Q1

(RTTNews) - Air Lease corp. (AL) announced earnings for first quarter that fell compared to the same period last year.

The company said its earnings fell to $146.64 million, or $1.33 per share. This was lower than $151.14 million, or $1.38 per share, in last year's first quarter.

The company said revenue for the quarter rose 4.9% to $360.19 million. This was up from $343.33 million last year.

Air Lease corp. earnings at a glance:

-Earnings (Q1): $146.64 Mln. vs. $151.14 Mln. last year. -Earnings Decline (Y-o-Y): -3.0% -EPS (Q1): $1.33 vs. $1.38 last year. -EPS Decline (Y-o-Y): -3.6% -Revenue (Q1): $360.19 Mln vs. $343.33 Mln last year. -Revenue Change (Y-o-Y): 4.9%