Atlas Air Worldwide Holdings Inc. Earnings Retreat 31% In Q2

(RTTNews) - Atlas Air Worldwide Holdings Inc. (AAWW) announced a profit for second quarter that dropped compared to the same period last year.

The company said its profit totaled $20.16 million, or $0.80 per share. This was lower than $29.42 million, or $1.17 per share, in last year's second quarter.

Analysts had expected the company to earn $0.93 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 2.8% to $443.27 million. This was down from $455.83 million last year.

Atlas Air Worldwide Holdings Inc. earnings at a glance:

-Earnings (Q2): $20.16 Mln. vs. $29.42 Mln. last year. -Earnings Decline (Y-o-Y): -31.5% -EPS (Q2): $0.80 vs. $1.17 last year. -EPS Decline (Y-o-Y): -31.6% -Analysts Estimate: $0.93 -Revenue (Q2): $443.27 Mln vs. $455.83 Mln last year. -Revenue Change (Y-o-Y): -2.8%