Air Lease: Q3 Earnings Snapshot
LOS ANGELES (AP) — LOS ANGELES (AP) — Air Lease Corp. (AL) on Monday reported third-quarter profit of $132.5 million.
The Los Angeles-based company said it had net income of $1.10 per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.08 per share.
The company that leases planes to airlines posted revenue of $659.4 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $659.2 million.
Air Lease shares have decreased 4% since the beginning of the year. The stock has risen almost 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
