Atlas Air Worldwide Holdings Inc. Q3 Earnings Climb 12%

(RTTNews) - Atlas Air Worldwide Holdings Inc. (AAWW) released a profit for its third quarter that gained ground from last year.

The company said its bottom line rose to $30.69 million, or $1.23 per share. This was up from $27.47 million, or $1.10 per share, in last year's third quarter.

Analysts had expected the company to earn $1.23 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 3.4% to $449.90 million. This was down from $465.80 million last year.

Atlas Air Worldwide Holdings Inc. earnings at a glance:

-Earnings (Q3): $30.69 Mln. vs. $27.47 Mln. last year. -Earnings Growth (Y-o-Y): 11.7% -EPS (Q3): $1.23 vs. $1.10 last year. -EPS Growth (Y-o-Y): 11.8% -Analysts Estimate: $1.23 -Revenue (Q3): $449.90 Mln vs. $465.80 Mln last year. -Revenue Change (Y-o-Y): -3.4%

-Guidance: Next quarter EPS guidance: $1.50