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.

Jasper - The Real Deal!

Risk Our Money Not Yours | Get 80% Off Any Account!

Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!

Be the first to comment

Leave a Reply

Your email address will not be published.


*

This site uses Akismet to reduce spam. Learn how your comment data is processed.