Shares of AAR Corp Fall 18% on Weak Q4 Outlook

Aircraft-leasing and maintenance company AAR Corp. (AIR) slid 3.78, or 17%, to 18.26 after predicting that results for the fourth fiscal quarter ending May 31, 2010 will be below Wall Street’s expectations due to a slower than expected recovery in demand in its commercial-aviation business.

The company said it expects fourth quarter sales to be $355 to $365 million and diluted earnings per share of $0.25 to $0.30. Analysts, on average, estimated 41 cents.

Be the first to comment

Leave a Reply

Your email address will not be published.


*