Air Lease: Q2 Earnings Snapshot
LOS ANGELES (AP) — LOS ANGELES (AP) — Air Lease Corp. (AL) on Thursday reported second-quarter profit of $132.4 million.
On a per-share basis, the Los Angeles-based company said it had net income of $1.10.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.09 per share.
The company that leases planes to airlines posted revenue of $672.9 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $657.7 million.
Air Lease shares have increased roughly 7% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $41.05, an increase of 9.5% 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 AL at https://www.zacks.com/ap/AL
