Atlas Air Worldwide Holdings Inc. Bottom Line Declines 70% In Q1

(RTTNews) - Atlas Air Worldwide Holdings Inc. (AAWW) announced a profit for first quarter that fell from last year.

The company said its profit totaled $7.74 million, or $0.31 per share. This was lower than $25.76 million, or $1.03 per share, in last year's first quarter.

Analysts had expected the company to earn $0.25 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 5.9% to $418.62 million. This was down from $444.85 million last year.

Atlas Air Worldwide Holdings Inc. earnings at a glance:

-Earnings (Q1): $7.74 Mln. vs. $25.76 Mln. last year. -Earnings Decline (Y-o-Y): -70.0% -EPS (Q1): $0.31 vs. $1.03 last year. -EPS Decline (Y-o-Y): -69.9% -Analysts Estimate: $0.25 -Revenue (Q1): $418.62 Mln vs. $444.85 Mln last year. -Revenue Change (Y-o-Y): -5.9%