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AerCap beats Street 3Q forecasts

DUBLIN (AP) _ AerCap Holdings NV (AER) on Thursday reported third-quarter net income of $265.8 million.

The Dublin-based company said it had profit of $1.62 per share.

The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.47 per share.

The airplane leasing company posted revenue of $1.27 billion in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $1.2 billion.

AerCap shares have climbed 27 percent since the beginning of the year. The stock has increased 30 percent in the last 12 months.


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