Wesco Aircraft Holdings Q1 Profit Rises - Quick Facts

(RTTNews) - Wesco Aircraft Holdings, Inc. (WAIR) Wednesday reported first-quarter profit of $24.4 million or $0.25 per share, up from $18.4 million or $0.19 per share in the same period last year.

Adjusted earnings for the quarter were $25.9 million or $0.27 per share. On average, 12 analysts polled by Thomson Reuters expected the company to earn $0.29 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues improved 6.4 percent to $224.7 million from $211.2 million last year. Analysts expected revenues of $230.10 million.

Looking ahead to the fiscal year 2014, the company continues to project earnings in the range of $1.25 to $1.31 per share, with adjusted earnings ranging between $1.31 and $1.37 per share.

Revenues are expected to be in the order of $975 million to $1.01 billion. Analysts currently expect the company to report earnings of $0.29 per share on revenues of $230.10 million.