Air Lease corp. Q1 adjusted earnings Beat Estimates

(RTTNews) - Air Lease corp. (AL) reported earnings for its first quarter that increased from last year.

The company's earnings came in at $110.65 million, or $1.00 per share. This compares with $84.94 million, or $0.78 per share, in last year's first quarter.

Excluding items, Air Lease corp. reported adjusted earnings of $152.77 million or $1.38 per share for the period.

Analysts had expected the company to earn $1.00 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 5.8% to $381.21 million from $360.19 million last year.

Air Lease corp. earnings at a glance:

-Earnings (Q1): $152.77 Mln. vs. $146.64 Mln. last year. -EPS (Q1): $1.38 vs. $1.33 last year. -Analysts Estimate: $1.00 -Revenue (Q1): $381.21 Mln vs. $360.19 Mln last year.