AAR Corp (AIR) has reported a decrease in profits for the third quarter compared to the same period last year.
The company's earnings amounted to $14 million, or $0.39 per share, a decline from the $21.8 million, or $0.62 per share, reported in the third quarter of the previous year.
However, after excluding certain factors, AAR Corp's adjusted earnings stood at $30.3 million, or $0.85 per share, for this period.
Income increased by 8.9% to $567.3 million from $521.1 million in the last year, highlighting a rise in the company's revenue for the quarter.
Upon a quick review of GAAP AAR Corp earnings:
- Earnings for Q3 were $14 million compared to the $21.8 million last year.
- Earnings Per Share (EPS) for Q3 were $0.39 as opposed to $0.62 last year.
- Revenue for Q3 stood at $567.3 million versus $521.1 million last year.
