STAMFORD, Conn. (AP) _ Aircastle Ltd. (AYR) on Thursday reported first-quarter net income of $34.8 million.
The Stamford, Connecticut-based company said it had profit of 46 cents per share. Earnings, adjusted for non-recurring costs, came to 52 cents per share.
The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 54 cents per share.
The aircraft leasing company posted revenue of $213.9 million in the period.
Aircastle shares have risen 17% since the beginning of the year. The stock has climbed almost 3% 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 AYR at https://www.zacks.com/ap/AYR