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AAR: Fiscal 1Q Earnings Snapshot

·1 min read

WOOD DALE, Ill. (AP) _ AAR Corp. (AIR) on Thursday reported a fiscal first-quarter loss of $14.5 million, after reporting a profit in the same period a year earlier.

The Wood Dale, Illinois-based company said it had a loss of 42 cents per share. Earnings, adjusted for non-recurring costs and severance costs, were 17 cents per share.

The airplane maintenance company posted revenue of $400.8 million in the period.

AAR shares have dropped 60% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $17.83, a drop of 59% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AIR at https://www.zacks.com/ap/AIR