Shares of AAR Corp. rose after hours on Tuesday after the aviation-service company reported fiscal fourth-quarter results that beat analysts’ expectations,...
Shares of AAR Corp. AIR rose after hours on Tuesday after the aviation-service company reported fiscal fourth-quarter results that beat analysts’ expectations, helped by a broader rebound in air travel. The company — which sells or leases out aircrafts, engines and jet parts to businesses and governments — reported net income of $23.2 million, or 66 cents a share, compared with $23.9 million, or 66 cents a share, in the same quarter last year. Sales came in at $553.3 million, compared with $476.
The company — which sells or leases out aircrafts, engines and jet parts to businesses and governments — reported net income of $23.2 million, or 66 cents a share, compared with $23.9 million, or 66 cents a share, in the same quarter last year. Sales came in at $553.3 million, compared with $476.1 million in the prior-year quarter. Adjusted for matters related to compliance costs, losses on equity investments, and the March acquisition of the software company Trax, AAR earned 83 cents a share.
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